"sooo, it's to be assumed that a .59c offer for not would be more than generous in light of recent share performance.

should be an enlightening agm."

Except that, on the face of it, it would seem unlikely for NOT to fetch such a paltry amount given the sp that Baosteel and others are into NOT for, to say nothing of their expected return from involvement with NOT including the resource itself where China and the US are concerned. I don't think NOT will garner what everyone hopes for but I likewise don't see it going for FWR or SPQ's fire sale price. But.....we wait to see.

Where NOT is concerned I always note that lone voice in the crowd that says they're waiting for NOT to hit .XX in price as I've found it almost always does. These predictors always take heat for it but strangely enough it seems to come to pass. The lowest quote I've heard over the recent weeks was for .29 I believe. Most have been experiencing the "frog in the boiling water" affect as NOT has gone from low .80's to 70's to 60's....50's.....40's and now .30's. Anyone think that .20's is impossible? Can you recall this transition in the sp? Do you remember each step of the way? It seems to happen imperceptibly during the expectation that it will return upwards after good news....but never does. This story doesn't belong to only the NOTsters. There are staggering losses on many producing companies with actual profits. The market is taking down a lot of stocks and then there are those that are helping the market do it's job on other stocks of significant value. I look at who is trading some of these other stocks and when I see groups like CIBC world markets as the nearly exclusive buyers and sellers of a stock on every penny up and down.....well I've gotta wonder who's watching the foxes....particularly when the stock is being marched down penny by penny. But then it's probably all above board right? So I wait for their presence to dissapate and note what happens.

I got out of NOT at .52/.53, bought back in at .38 and then sold again as I'm speculating that NOT isn't finished....nor are a lot of stocks. The market doesn't feel comfy to me right now so I'm going to watch a bit though others say it's time to buy. Some are waiting for US political and economic news and some say that the unrealistic climb in the general markets is due for a correction. Who can say for sure, but there are those that define opportunity as jumping aboard a moving train that is already headed in the right direction. Again...we wait to see.