Re: bnn-pinetree
in response to
by
posted on
Dec 11, 2009 02:10PM
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)
"...what if NOT bought FWR shares before they made the 'offer'?"
Perhaps they did. FWR shares were in the 25 cent range well before the offer but shortly before, the price went to about 30. It could have been due to Noront buying or as previously suggested, that FWR insiders being cognisant of Noront overtures were accumulating due to expected sp appreciation.
Interestin question as to the cause of that FWR sp rise. I suspect both.