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)

Free
Message: BHP......Why?

Cupcake - you are correct. That's exactly what I've been wondering about.

In theory, BHP could pick up a bundle of shares and end up with a not-insignificant portion of NOT. I re-read that notice again last night and the pre-amble states they and thier "affiliates" can buy NOT on the open market until the Expiry Time (COB on Jan 14). 

And anything BHP does buy now would be at a discount to whatever final price they might be will to pay (e.g. an opportunity to save some $$$).

I plan a to hold on to my shares at least until we hear how much BHP picks up. Presumably they will have to disclose that sometime next week.

GLTA,

Hobbit

Share
New Message
Please login to post a reply