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)
Message: Canadian Pacific Rail...a familiar story.
I have been reading about the Canadian Pacific Rail battle with Bill Ackman of Pershing Square Capital Management LP (A USA HEDGEFUND)
Pershing Square Capital, reveals it have been buying CP Rail stock since the "OCTOBER lows of last year. They own over 14% of CP.
Now the hedge fund is demanding change. A new CEO, and a couple of new directors.
This story is "familar". The takeover before the "Rise" story.
It's interesting that a director at CP is also a director at Cliffs.
It's interesting that CP primarily does BULK transport.
It's interesting that 45% of what CP carries is COMMODITIES RELATED unlike CN Rail which is more of a "merchandise operator".
It's interesting that Mr. USA-HEDGEFUND Ackerman from Pershing is picking NOW as a time to er- ah-um ...make change at CP. Suddenly.......the management at CP is a...problem. Suddenly a new CEO is needed. Suddenly new directors are needed.
Hopefully, the Canadian Government will see through this...USA Hedgefund.
http://www.gurufocus.com/news/157455/face-off-between-bill-ackman-and-canadian-pacific-rail-cp-the-letter-exchange
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20120104/RBCPCEOJANGATL
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Roger Phillips, O.C., S.O.M., F.Inst.P.
Age: 71 Regina, Saskatchewan, Canada Director since: October 2001 Latest date for retirement: 2012 Independent |
Mr. Phillips is the Retired President and Chief Executive Officer of IPSCO Inc., a steel manufacturing company. He held that position from February 1982 until his retirement in December 2001. He is currently a director of Cliffs Natural Resources. Mr. Phillips is a Fellow of the Institute of Physics and a Member of the Canadian Association of Physicists. He is also President of La Sauciere Investments Inc., a private company. He was appointed an Officer of the Order of Canada in 1999 and was presented with the Saskatchewan Order of Merit in 2002. He graduated from McGill University in Montreal with a B.Sc. in Physics and Mathematics. | |||||
| Attendance |
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| at Regular |
Attendance |
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| Meetings |
at Special |
Public Company Directorships |
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| Member of: | (d) | Meetings |
in the Past Five Years (e) | |||||||||||
| Board Audit |
5 of 5 9 of 9 |
2 of 2 1 of 1 |
CPRC Cliffs Natural Resources |
2001 – present 2002 – present |
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| Governance (Chair) Pension |
5 of 5 2 of 2 |
N/A 2 of 2 |
Imperial Oil Limited Toronto Dominion Bank Inco Limited |
2002 – 2010 1994 – 2010 2003 – 2006 |
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