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: So what is NOT worth today???
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Re: Retail

in response to
Retail
by
rc
posted on Dec 14, 2009 09:55AM

Here is an update of a post I made on the other forum based on today's results.

updated:
So what is retail's strategy for a better deal from CLF based on these numbers?
After FWR insiders exercise 13.2M options and 15.3M warrants there will be 258M OS, broken down as follows:
FWR insiders...31.3M
CLF...29.1M
PNP...22M (probably not sold but locked-up with CLF)
K2...21M
MM...14.6M
Rosseau...11M
NOT...11.8M

remaining...117.2M (45.4%) held by retail, GMP, and others.
Assuming 30% of retail doesn't vote and GMP, and others have NIL, the most a united retail could control at the Jan meeting is 70% of 45.4% = 32%.

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