Re: Re,Re: RCF buy in.... not good...
in response to
by
posted on
Apr 01, 2012 02:28PM
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)
"Asked to comment on the timing of the sale, which Byron Capital Markets analyst Jon Hykawy at the time called “an abandonment”, Cranswick said there was demand for the shares in the market, and RCF took advantage of that.
“The liquidity was there, and this was an opportunity that we didn’t want to pass up,” he said."
Gotta love the language. :) Interpretation: Buy low sell high....make money. Those are the rules kids but I love the warm and fuzzies....."there was a demand for the shares....there was liquidity there".