Freewest price

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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goldfinger

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Freewest price

posted on Oct 20, 2009 11:48AM

It seems logical to me that the Freewest price is escalating because those supporting the consolidation are buying in order to get enough shares for the NOT offer to be accepted.

This is how the free market works. There are those that want out at this price level to go to other plays., and there are those that see consolidation as the best road for share appreciation.

The only other reason could be some other unnamed group or groups are tying up shares for a major. I do not think this is the case.