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Message: More Speculation as to what NOT will do..... SPQ is next...

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johndefur

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More Speculation as to what NOT will do..... SPQ is next...

posted on Nov 11, 09 01:16PM

In my opinion, NOT will "move in" into SPQ in some form of offer....just think....SPQ is the last in this ROF Chromite circle, that has not been spoken for...of course we know FWR is in talks right now, and I believe it's likely CLIFFS...KWG has already an agreement with CLIFFS, and I believe a first right of refusal clause, so they appear to be spoken for by CLIFFS...

SPQ in an unknown...About a year and a half ago, I spearheaded a shareholders revolt to "consolidate" SPQ on a 1 new for 10 OLD shares...this we were told confidentially, was being done to facilitate a take over by NOT.."on the cheap".that SPQ BOD proposal for the RS failed miserably by a large margin...

So as I see it today, the only way NOT can have a share/say in this "sweet spot" of Chromite +++, is thru the acquisition of SPQ...

I shall also be more than ready for as if and when that fight comes...SPQ long term shareholders, deserve a fair price for their chromite claims+++remember they also found Nickel and PGEs, and hold 6 claims jv right in that area, and the Micon report strongly suggested that all the EM conductor anomalies be drilled for potential VMS deposits...

So that is my feeling at the moment..SPQ will be next...

IMCO

JD*

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