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)

Free
Message: Mac Watson: "It's huge dilution. I don't quite understand it really,"
Reply New Message
Prev Message Back To Forum Threaded View Next Message

"It's huge dilution. I don't quite understand it really," Mr. Watson said of the Noront bid.

Everybody has to know by now that this dilution will not happen; NOT or NOT-and-friends need only take up 1/3 of all FWR shares to block any bids for the FWR chromite asset. Will CLF let this happen? Is there a way for NOT to bring its chromite asset to the party, in
exchange for...? So if the counter-offer is only marginally better, I'll have my answer:
.95/sh, consisting of
.80/sh paid in CLF shares
plus .15/sh for the new FWR as before(market says .08),
plus .95 exercise price for options and warrants (for insiders).

IMO

3 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply