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: Re: FNC keeps the flame burning ..is Not in the rear mirrow ?
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FNC keeps the flame burning ..is Not in the rear mirrow ?
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oiramoric
May 26, 2010 03:07PM
Re: FNC keeps the flame burning ..is Not in the rear mirrow ?
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luckylou
May 26, 2010 03:23PM

Not questionable but as you state, reqiures explanation for which we do not have but could only speculate about.
I do not own it but would speculate that they changed their mind about needing the cash because share dillution became a larger problem so a smaller PP amount would be sufficient to be in the black financuially.

Why? I could hazard a guess that they may have recieved an offer that they do not like. If they liked it then dillution would not be a problem for them but for the buyer.
If they do not like it then through not dilluting they present a more solid argument that their shares are worth more.
It is just one wild guess.

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