Re: Are u experienced

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Re: Are u experienced

in response to

Are u experienced

Spot

posted on Sep 30, 2021 01:44PM

I'll take a shot.

Is this a real acquisition attempt --- 10

Will NOT be bought out at or above $0.80 --- 10

Will a third party (Glencore, Vale, etc) enter the bidding --- 7

Personally a lot of little things (BOD exercising options when they didn't have to and Wyloo not making a firm offer prior to the convertible loan due date e.g. today) probably has to do with behind the scenes legal posturing. Add in that all the parties would want some leadership certainty at the federal and Marten Falls political level so they could negotiate deals in advance of purchase. All of this may be contributing to what I see as a very drawn out process.