Perspectives
in response to
by
posted on
Oct 30, 2009 06:52AM
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)
First, we have those who own NOT and do not own any FWR. Those will think NOT's offer is either fair or is overvaluing FWR. These people are not pleased as they watch FWR share price appreciate and NOT share price depreciate. Many feel NOT has an ACE up it's sleave to show before the deadline which will catipult NOT share price at just the right moment to have the FWR shareholders tender their shares. Some are fine with NOT just withdrawing it's offer as they feel the offer itself may have something to do with the share price being held down.
Next we have those who own FWR and do not own any NOT. Those will think NOT's offer is opportunistic. The fact that FWR's share price has risen beyond the 4 for 1 price is evidence of that. They also may believe that the share price will remain at these levels if the offer is now withdrawn. As FWR is now in play, they may also believe that a higher offer is coming either as an increased bid from NOT or from another party.
Then we have those who own both NOT and FWR. Depending on how many of each they own, they are likley to be more indifferent. The current offer is making them money on their FWR shares. They may be taking profit on some of these to purchase more NOT or looking to buy more FWR at lower prices if the deal falls through. They may be just holding onto all thier shares as they feel the outcome will represent a higher share price for all, regardless if the deal as currently offered materializes or not.
I own both (as well as other area players). I believe that both companies either together or seperately have great individual finds. Both have something amazing to bring to the table. I believe somewhere down the line economies of scale may be beneficial to all, but not necessary. Take INCO and Falconbridge for example. Lots of talk of combining the Sudbury operations, but they could never come to terms with fair value....now we have Vale and Xtrata. Very difficult to put a price on these things, especially before all the data has been entered. In addition, to confuse matters more, the data is forever changing. Hard to nail down who has what when. Add to that the volitile commodity prices and the uncertainty in the markets.
I don't believe for one second the people on these boards have a clue what all is at stake here insofar as knowing current valuations of the respective companies involved. It all comes down to what you own and whether you are buying, holding or selling....and at what price is right for you. Some will hold too long....some will sell too soon. Look at Quest for example. In the span of a couple months it goes from about .20 to over 4.00 and back to 1.70...WILD.
As I mentioned above, I hold many of the area plays. I think this is one for which I can say I am not invested so much in NOT or FWR or KWG ect.....I am moreso invested in the ring of fire. Up to now, I have made $$ on all but one...come on BMK.
On a final note....all this emotion on here. People fighting...who's right...who's wrong...people getting ill over it....personal attacks....people leaving....people not wanting them to leaving....word games...who said what...what are people's motives for saying this or that....your post got remove, you demand an expanation....who got points....who lost points......I personally could do without all of it...you're all right....you're all wrong.....your ego has been hurt....your integrity.....please take it all OT.