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: Buy out minimum
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Oct 29, 2011 01:53AM
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Oct 30, 2011 09:15AM
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Oct 30, 2011 10:03AM

Well, I spent friday evening, and a good part of yesterday trying to dig what I could out of any contact I have ever had with this stock, and had very little success. The few tidbits that came to me are as follows, but are totally unsubstantiated;

That 1.25m cross consisted of newly bought shares that were being transferred into a permanent account from an accumulating one (RBC?).

The entity doing the move could have done it in a way that didn't even show as a trade, but preferred to show it, knowing it was going to cause some action.

There is news to be had, and it has leaked. What that news is though, is still anyone's guess.

FWIW, I am sticking to my best estimate of an eventual successful buyout of $3+/-. This is neither a pump or dump. I have accumulated all the shares I intend to buy, and have no intention of selling any in the short term, as, in my opinion, the uptrend season has just started. I have heard the 600m figure bandied about too often for there not to be something to it.

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Oct 30, 2011 11:16AM
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