Re: Future owner of ROF ?
in response to
by
posted on
Aug 09, 2010 02:50PM
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)
I am going down with the ship. Either the market just doesn't believe we will ever become a mining company and we just dilute our share price into the gutter (unlikely) or we get a takeover offer where the masses (institutions) are satisfied with. I have a lot of shares, relatively speaking, but if the institions vote in favor of a takeover offer then my vote won't do much at the end of the day. It doesn't mean I will just vote with the BoD if they approve it but if the past has taught us anything, it is that the takeover premiums for the companies in the Ring has laughable relative to the in-situ value.