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: Future owner of ROF ?
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Aug 09, 2010 01:20PM

OK Glorieux, I'll bite...

What exactly do YOU think the price is that "we" deserve, we meaning retail, I presume.

I remember the hopes and dreams on this board used to be "blue sky" and "to the moon, Alice", but let's be realistic here. Do you honestly think we will see $4 per share again? Or, even more realistic, how about $3 per share? I have watched this stock for a while and news doesn't seem to make this stock go higher. Maybe the right news?

Just curious here, Glorieux, and to all the other longs on this forum including the ones that have gone away. Where do you all really think we are going? I don't believe for a second that we will be bought out for under $3 a share. Why do some of you posters have to keep on saying that Cliffs will offer a 50% premium over the price of the last 30 trading days and expect to see people give away their shares? There hasn't been enough shares trading hands in those last 30 days to give a takeover company 2% interest in Noront, in my opinion. A few hundred thousand shares traded per day, and very likely a bunch of those being cross trades by Jitney or Anonymous to control the share price. Where would Cliffs get the support it needs to make this takeover?

So, back to reality now. I would like to know just what Glorieux, Hoov and maybe even D12 and Crazydik think a "real" takeover price is at. Not what you want it to be at. What you think it may GO at, please. I will even tell you my thoughts where it may GO at. I think it may go somewhere between $4-5 per share. That is not where I want it to go, it is where I think it MAY go. I WANT to see it go over $10 per share, I just can't see it going there. So, what do YOU ALL THINK?

Dreamin Big

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