Re: Buy out minimum

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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Francis Dube

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Re: Buy out minimum

in response to

Re: Buy out minimum

Sum4All

posted on Oct 30, 2011 10:03AM

I miss sparing with yeah Sum so no worries!

(and Baosteel) must be foolish...

well, they purchased NOT shares at 86 cents for a grand total of 17.4M. At 86 cents, this is a great investment as they have long lead times (as opposed to some retail investors who can have shorter time horizons for ROI) and is a strategic investment for their overall Steel business. This buy in was supported by the BoD and was not going to start a bidding war. This was a very different scenario than a buyout which is the situation we are now discussing.

Different place, different time, people are a lot hungrier, the world is in major financial crises...I wonder if these will factor in for a different equation.

The world being in a major financial crises could cut both ways and make companies more careful. However, I think the EU getting their house in order and signs of improvement in the US economy may calm the waters for at least a few quarters giving us a good investment environment...it is nice to start making money again theyse days!