Maybe the third party pushed FWR to voice its suprise
posted on
Nov 17, 2009 05:38PM
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)
Since FWR has agreed to deal exclusively with a third party, maybe the third party did not like the implication that FWR had entered into any agreement with NOT, and was not dealing exclusively with the third party.
I agree with Hoov that it is total semantics, and posturing.
tcasey
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In reply to:
I agree Newbers,
The text of the FWR news releases seems inconsistent. I understood from the original that they did indeed come to an agreement with Noront. That one was quickly followed by a release from Noront confirming that they agreed with the original release of FWR.
Which is it? Apparently something is not going well or FWR would not be releasing this sudden news which gives the appearance of panic... or something.
In any case, I don't know what to make of it other than the following:
If we are getting conflicting messages, we can no longer speculate (with any accuracy at all) on what is happening. There is nothing left for us but to wait and see what actually happens next.
Very odd behaviour indeed.