Re: Future owner of ROF ?
in response to
by
posted on
Aug 09, 2010 03:50PM
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)
Now I can't speak for everyone but I think most of us would be happy if tomorrow Cliff's announced a takeover at $2.00 share. Now before you start jumping on me, just hear me out. First, the certainty (well almost) that we wouldn't be dropping below $2.00 again would help to calm the nerves a bit. Second, we, and this includes Cliff's, know that there is no way that a $2.00 takeover price would be approved but nevertheless, we have to be prepared for a low ball offer because that is generally how the process works. Would we end at a $5.00 share price? Who knows, but it sure would be nice to have some base to build off of. Perhaps a bidding war could ensue and good old crazydik can awake from his slumber.