Re: Nice Move, almost 35%

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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khareema

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Re: Nice Move, almost 35%

in response to

Re: Nice Move, almost 35%

Sum4All

posted on Oct 28, 2011 10:29PM

Another point worth mentioning.

If the board of director's comes out in favor of a takeout, would it matter? If they all pledged their holdings to it, the total couldn't come to more than 1%.

Let's be realistic though. We are talking takeout of a SP that was .50 yesterday. If the buyout was 1.50, the fact is that means a 3 bagger. If it was 3.00, that means a 6 bagger. There was lots of discussion of .60 cents for SPQ ( my bet was .27), and we settled on .19. There were lots of complaints at the time, but I am still spending the gravy from that one and will be for a year or two yet.

Damn, I haven't felt this good since the first runup to .13 with SPQ, or to .30 with FWR.