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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Re: latest rumors

in response to Re: latest rumors by glorieux

posted on Nov 21, 09 04:08PM

Glorieux you wrote,

"One reason why Mac would look at that is if it allows him and his BoD to receive full poison pill payment for themselves. NOT's offer gives 1.5M for everyone while Mac alone is schedule to receive 4M in the poison pill scenario-another 2M for the rest of them."

This poison pill payment does not come into effect on a friendly offer which this second(or exclusive) deal would be. Mac and others could get compensation as part of the deal which is common practice but the difficulty with that is even with a friendly take over 66-2/3' s of the shares must get tendered.

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