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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Message: HUGE FWR volume today accomplished... what?
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HUGE FWR volume today accomplished... what?

posted on Dec 10, 2009 05:54PM

Bear with me; a couple things come to mind looking at the FWR SP today...

1. +50M shares traded today and the trend was reduced SP as the day went on. With NOT's comparatively low 2.6M shares traded, it doesn't look like many were dumping FWR to market to buy into NOT.

2. Cliffs offers have pretty much set the FWR SP until today... then they put their offer up to $1.00 even and the market doesn't push the SP to the offer value, and the SP trails lower until closing at $.96.

Not sure what to make of all this. Can some more senior opinions come forward and offer their thoughts? FWR house positions are posted on FWR page (thanks irish!).

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