High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"
NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
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Message: Back to basics

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Re: Back to basics

in response to Re: Back to basics by samsawchuk
posted on Nov 17, 09 05:54PM

Sam, I hope what they're doing is letting FWR exhaust all of their "not-too-great" NR material to see where they really stand before strategically opening the door on what cards they're holding. Maybe the NOT board feels they have this all wrapped up and don't want to "over" release, wanting the NOT SP to go just high enough to complete the takeover and maximise the value of the transaction while minimising dilution.

IMO, FWR is already starting to look pretty darn desperate... a NR every few days, drill results, speculation, no positive movement in SP, and continuous begging of the shareholders to wait for this supposedly "better" offer (that they can't speak of - conveniently) before making any moves. It all seems to point to desperation from where I'm standing...

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