11:59pm

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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esterbinki

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11:59pm

in response to

Re: What are the markets telling us?

2sh1

posted on Dec 11, 2009 11:28AM

Re: the NOT offer expiry times of Nov 18 @ 5:00 pm and Dec 11 @ 11.59 pm, both Toronto time.

What is the significance of the 11:59pm deadline on this final offer? Retail trading is over at 4:00 pm. Any NR after 4:00 pm but before 11:59 pm can still influence institutions to tender. I suspect market trading today will be spent picking off FWR retail by institutions via huge crosstrading of FWR, enticing retail to sell FWR near its capped price of $1 thanks to CLF, and to buy NOT low thanks to NOT's forced retraction on its economic statement on chromite. At some opportune time after 4:00pm NOT will announce its white knight.