What if it's Buy in and NOT a Buy out...yet

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

railroader

Rank: President [?]

Points: 3171 [?]

Votes: 197 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

What if it's Buy in and NOT a Buy out...yet

posted on Sep 11, 2010 08:41PM

Speculation at it's finest.

This goes back to my previous theory that Cliffs and Not orchestrated the takeover of FWR. Cliffs ended up getting what they wanted. They owe NOT a payback.

Not releases the PA, to give a rough figure of what we have/what Cliffs will pay per share, to do a 10% buy into NOT.

I think this is one of the reasons we have had such little info on our drilling results, is so they could finalize this deal. Once it is done, out come the results, up goes the share price,Cliffs makes a bunch more easy money.Money they will need to build the rail line.

There will be a rail line.....there is no other cheaper way to get the Chromite out of their.

So if there is a rail line between McFaulds Lake and Nakina, then all the stuff about the all season road to Pickle Lake, the slurry pipeline etc, etc, is just window dressing.Its NOT going to happen. Not will be using the rail line

Why did they adopt a share holders rights plan(the one we didn't need).Are they trying to be nice to retail?

I think they did this, because once they announce that Cliffs is buying in, they are worried that another bigger fish is coming for a buy out.