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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: Re: JD's Discussion with NN today
9
Apr 29, 2010 01:10PM
2
Apr 29, 2010 01:23PM

Snug - well said - As you have pointed out Spider shareholder have had several discussions/decisions to exchange thoughts and ideas on and vote for or against to try and keep Spider a company that will add value in the long run.

Times have certainly changed in the last couple of years and IMHO we are now dealing from a position of relative strength as opposed to one of pure hope. We have proven resources and we know people want them.

The timing for a RS seems right to me and we need to give the BOD the authority to pull the trigger if and when they need to. I Also want to make sure we all see the Resource Report prior to them pulling that trigger because if, as we all believe, it is very positive there should be a increase in the share price. If it were to hit .25 then a 5 for 1 RS would give us a share price of $1.25. I would be very comfortable with that decision and feel it would lead to an increase in the long term value and benfit for all SPQ shareholders.

IMHO - Wishing

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