I get the feeling something is underway. The actions and / or inactions are saying more than the respective companies are. SKP has been planing this for some time. RB has mentioned many times to me that he would love to see as may dollars spent drilling the Rice Lake belt as RED Lake..... Then why did they JV the poundmaker from WEL only to sit on it for 2 years? Seams rather contradictory to me. We all know that the Horseshoe lake may be the price, and the poundmaker only borders it.

I personally think WEL should not give an extension to the SKP JV on the poundmaker and certainly should not relinquish control or JV any of the other Rice lake properties.

WEL will achieve much more value by taking back the poundmaker and JV'ing with a major or mid Tier company willing to spend money on these projects. SKP has simply undermined value creation in WEL via stagnation.... and I think some of that cash SKP just recieved will be used to make an oportunistic offer for WEL or WEL properties.

If that is the case it had better be a very generous offer to gain my support...

IE something in the order of 1SKP for 2 WEL plus $.10/ share or 1 SKP for 3 WEL to the investors for the rice lake properties only and $5 million cash to the company.

JMHO