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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Big buying pressure here;EOM

Re: Big buying pressure here;EOM - Cashin17

posted on Jul 28, 2009 05:19PM

"I would welcome Cliffs to join and or some of the other big boys."

Neil Novak mentioned the other day when I chatted with him that he had talked with Cliffs. Whether anything will come of that discussion we can only guess at. Clearly NN is expecting a cash infusion but wants a minimal share dilution. Expect a 'staged PP'.

Reality tells me with the number of outstanding shares, NN will have to hit something very big (e.g., another Eagle One i.e., nickel) in order to move the share price to something like a 10 bagger. However, if there's anyone who can do it, it will be NN.

My opinion only.

Snug

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