Welcome To The Spider Resources HUB On AGORACOM

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: Share tender reversal

Actually, Big Daddy is more attractive for mining due to the higher concentrations. Unless further drilling decreases the concentration significantly, it would not make a lot of sense to leave Big Daddy for the future.

And you need to look at the Canada Business Corporations Act with respect to minority shareholders to see that there is a possibility that any shareholders who hold out to the bitter end might be awarded more than 19 cents, if the fair value is determined to be higher. Nothing is a given, but assuming that 19 cents is the absolute end price for the holdouts would be premature at this juncture.

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