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GM, Boilermaker, AO; You are welcome! (Scott did all the work though!)
I liked this part:
"We have adequate geotechnical data for building dimensions and ground loading to support our post-FS level design, and as our air permit has been deemed technical complete, there’s enough engineering done to satisfy the air permitting agency."
Boilermaker;
I emailed Jim. He provided Scott's reply to the questions. (Or info from Scott that answers the questions.) Email sent Friday, November 1, 2019 at 9:23 AM CST, reply received Friday, November 1, 2019, 2:29:35 PM CDT, so it was very prompt.
"P. thanks for reaching out. Good questions. I thought I would go ahead and answer these via email, in the event we don’t get to them because of time constraints in the webcast. Answers (from Scott Honan) below!"
Jim
Q
"1) Has Rockwell Automation provided final designs for extraction and refining process equipment which can be used for final building dimensions and ground loading calculations? (Was this information included in the final air permit designs?)"
Scott:
"Rockwell, Maverick and Endress+Hauser will provide instrumentation, controls and automation across the site, which is around 1-2% of the capital cost. This will allow us to standardize around a single set of control systems, and should streamline operation and maintenance of these systems. The Surface EPC firm will design the process equipment. We have adequate geotechnical data for building dimensions and ground loading to support our post-FS level design, and as our air permit has been deemed technical complete, there’s enough engineering done to satisfy the air permitting agency. Additional geotechnical investigations will be integrated into the Surface EPC scope of work, and will be part of early execution of the Surface EPC contract."
Q
"2) Has Niocorp selected a Contractor/construction firm yet to handle site preparation and or buildings buildings that will house the extraction and refinement operations? (Presumably a firm located in NE.)"
Scott:
"The Surface EPC contractor will handle all of this."
Q
"3) Will ground freezing still be used?"
Scott:
"The project execution plan and budget include all the costs associated with ground freezing. Part of that work includes additional hydrogeologic investigations in the project area, as well as intensive hydrogeologic and geotechnical investigations at the production shaft and ventilation shaft locations. Our expectation is that these investigations will confirm that shaft freezing will be effective and necessary. But it is always possible that freezing could be eliminated if the outcome of these investigations is very favorable. We will plan and budget for freezing and realize some upside on the capital budget if it is not needed."
Q
"4) (A little off the wall!) Will Niocorp have a dedicated power generation plant at the site, an electrical generator? Or, will the site include a Vanadium redox battery backup in case of power outages? (I know that Mark Smith was looking at this for Largo Resources.) For safety I would assume some sort of power backup would exist to power the lift in the main shaft. Just curious."
Scott:
"It's more cost effective for us to buy power from the local utility, OPPD. Their rates are relatively low. We will have diesel backup generators as emergency power for the mine hoists and critical functions in the surface plant. The loads for the emergency functions are in the megawatt range, and battery technology as a backup is not cost effective for these applications yet. The other issue is that, during a prolonged outage, you can easily refuel a backup generator, but you can’t refuel a backup battery."
So, There you be! Thoughts?
Boilermaker
Unless it will be part of the Service procurement of Cementation, the things that I do not see is a named Construction firm that will handle site preparation and a contractor for the buildings that will house the extraction and refinement operations.
While site grading and utilities work can begin after financing,
I assume that Rockwell Automation needs to provide final mechanical operation designs that include equiptment weight to allow the eventual site engineers and contractors to determine building size and foundation loads. Or can this be based on the mechanical design information included in the NE Air permitting process?
(I am probably flying a bit over my skis on this.)
I will submit these questions to Jim Sims for the A.M.
I think that this is a very positive thing.
I suspect Cementation would not have signed on unless the9r firm believed there was a good chance that financing would occur.
Nordmine, Olson engineering, Rockwell Automation, Cementation. Update on the NE Air permit by AM.
We will see in 7 days! (Good night!)
Growth Mindset;
Who will build the mine...
See my last post. That would be Cementation. Go to
https://en.cementation.com/site/designbuild.php?p=1&s=900
and see the sorts of projects they handle for well known Senior mining firms.
Monocle, Always Optomistic, all
A look at https://en.cementation.com/site/projects.php shows projects are doing for firms like Goldcorp, Freeport Moran, Compass Minerals, Hecla mining, Potash Corp.
People wondered if Niocorp would assemble a mining arm to handle the actual implementation of building the mine, well, this is the outside firm that will be building the mine and probably procurement of anything needed to do it and Niocorp and Scott Honan will oversee.
We know that Rockwell Autormation was previously selected and will be handling the processing faculities above ground.
I think the air permit is a given, so the only thing left will be financing or initial financing.
Hopefully in about 2-3 years they will be hiring a Sales Director!
A.O. KayMack
"... jealous you dont own nio shares. stay with ctlq. there going places. not."
So, some positive news and its fluff?
when I first came on board I recall that Kay said he/she owned about 100K shares! In post 54115 he/she said almost 200K shares?
So he/she spends the last year loading up on additional shares while badmouthing management and talking the stock down?
Or has no shares and just likes to show up to complain, disrupt the thread, and pee in everyone's Beer? Paid to do this?
Big Picture, Boilermaker
What it sayes to me is that you are starting to line up contractors for your project because you have or have just about worked out the initial financing for your project.
What do you think Boilermaker?
Antler:
"...I wonder if the past couple of years of low prices have allowed us close followers to load up on cheap shares to the point that we are hesitant to put even more eggs into this basket."
And that is true! While the majority of my IRA assets are in bonds, most of my IRA stock holdings are in Niocorp! (mostly the ROTH)
I want more, but look at the balances and have a hard time justifying additional purchases from a risk standpoint.
An Ironic upside of the Lind actions!
GE11, Stark12
Thanks for posting!
"Mr. Honan stated that Elk Creek Resources was hoping to have preliminary activities begin in early 2020."
Well, 1st week of January was more specific than the current "early 2020." The fact that we have a report of the state permitting process means that we are seeing progress. More news on the 7th. At this point giving them room to allow them to work.
Monocle
"I am not stating with certainty that this is the case, I just find the possibility intriguing."
And that is reasonable since we do not know who is actually on the other side of these trades. We hope that whoever or whatever entity is doing these buy trades continues to do it right at closing!
Monocle, PM
"001 bought 500 shares to raise the price"
Well...Lind working for us for a change? Hope it continues!
Boilermaker; Thanks for your comments!
Trip down memory lane. (this was also posted in one of Niocorp's news releases.) Its not like they are starting from scratch in the engineering and development. (Like some others may think.)
https://ir.rockwellautomation.com/press-releases/press-releases-details/2018/NioCorp-Awards-Contract-to-Rockwell-Automation-on-Groundbreaking-Critical-Minerals-Mining-and-Processing-Facility-in-Nebraska/default.aspx
"MILWAUKEE--(BUSINESS WIRE)-- NioCorp Developments Ltd. (TSX: NB, OTCQX: NIOBF), a developer of superalloy metals, has awarded a major contract to Rockwell Automation (NYSE: ROK) to engineer, design and procure process automation and instrumentation for NioCorp’s proposed critical minerals, mining and processing facility in Elk Creek, Nebraska. (.....)"
"Rockwell Automation will be the main automation contractor for this project. The system integration will be provided through MAVERICK Technologies, a Rockwell Automation company that specializes in process automation solutions. Endress+Hauser, a strategic alliance partner, will provide field instrumentation including analysis, temperature, pressure, level and flow measurement devices, along with valves and related field devices and services."
“We are pleased to be selected for the NioCorp mining facility project. Together, with our system integrator MAVERICK Technologies, and our strategic alliance partner Endress+Hauser, we are able to offer a collaborative solution for standardization, control and connectivity across operations,” said Paul J. Galeski, P.E., CAP, vice president and general manager, systems and solutions business, Rockwell Automation."
(snip)
"About Rockwell Automation
Rockwell Automation Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis. , Rockwell Automation employs approximately 22,000 people serving customers in more than 80 countries."
Big Al
It sounds like someone or some business could be conducting arbitrage based on US$/CND$ and TSX/OTC share price differentials. Observe which exchange has the higher price and the FX rate and the share amounts of sell/buy orders. If favorable, buy on the other exchange and enter a sell order corrolated to an existing share buy order. Make a small profit. Repeat often.
Brokerages and banks do this, usually on heavily traded stocks. So, maybe, maybe not...
Bakedog; Ignoring the doomBot. Posting to you.
Prophecy Drills 89 Meters Grading 279 g/t Ag, 1.28% Zn and 1.17% Pb, Including 12 Meters Grading 1,085g/t Ag...
28 October, 2019
Download as PDF VANCOUVER, BC / ACCESSWIRE / October 28, 2019 / Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce the diamond drilling results from Prophecy’s 100% controlled Paca silver project in the Potosi department of Bolivia. Borehole PND 110 intersected 89 meters grading 378 g/t Ag-Equivalent (“AgEq;” 279 g/t Ag, 1.28% Zn, 1.17% Pb) starting from 9 meters downhole, including 12 meters grading 1,085 g/t (...)
at:
https://www.prophecydev.com/prophecy-drills-89-meters-grading-279-g-t-ag-1-28-zn-and-1-17-pb-including-12-meters-grading-1085g-t-ag-starting-16-meters-downhole-at-its-paca-silver-project-in-bolivia/
MNGA (A.O)
Let me add my thanks to Make Nio Great Again, and you as well, for your information and analysis of Niocorp! I would probably have left a long time ago without your posts. (I know "Do your own D.D. and do not rely etc.)
MNGA, I wish you luck in whatever you will now be doing! (I hope you are well and just doing something that prevents you from posting here....working for M.S> or Jim Sims? The state of NE?)
ANTLER
"0.48 on the OTC with a volume over 400K.... I am now Back in Black!"
SP Holding! My Niocorp holdings have all gone positive!
Of to the gym to celebrate!
Where is P.M. He should be here to enjoy this! (Hoping for a strong finish today!)
Grunt; Yr post:
"First positive step will be for the TSX open at the OTC equivalent price, which would be around .585 CAD, or better that is."
Well, good deal! 8:49AM CST; OTC is currently US$.047, up 5.41%.
Will it hold this level all day?
Crossing our fingers! (Loose the chains, Release the Kraken!:)
https://www.largoresources.com/investors/news/press-release-details/2019/Largo-Resources-Appoints-Head-of-Sales-Americas/default.aspx
Largo Resources Appoints Head of Sales, Americas
October 21, 2019
TORONTO, Oct. 21, 2019 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce the appointment of Francesco D'Alessio as Head of Sales, Americas effective October 21, 2019. In this position, Mr. D'Alessio will support the Company's vanadium sales and trading business with a particular focus on the North and South American markets.
(More at link)
farml1234;
"IBC must now file its defence and counterclaims by October 21, 2019"
This little piece remains. By tomorrow (or maybe this evening) we should learn if IBC filed its counterclaim.
KMACK49
"Shhh....we are in a 4 year quiet period lol"
"Ms. Mackenzie"!
Its been a long wait at the altar! If you really held the conviction of your complaints, you could "Sell all" today, accept that your groom is never going to show, eat the cost of the dance hall, pack up the wedding dress, and move on.
No? If you're waiting until November 7th--a reasonable thing for all of us to do--then please stop playing the roll of a bitter jilted bride and hold the sniping until then. (Seriously! Its like some company pays you to say these things on this forum!)
Thanks to all the rest of the posters who provide information and analysis helpful in evaluating the ongoing status of Niocorp! Good luck to everyone! (Even you KMACK!)
(Off to start the more productive part of my day.)
Landmark. PM; Was someone looking for this? Taken off of Fidelity, so I am going to say it is NOT up to date, but enough to get a sense of total holdings.
Top Insiders More information
Name Position Total Holdings Sorted in descending order. Last Transaction Type Last Transaction Date
Total Hdng last trans.
SMITH, MARK A. Chief Executive Officer 18,885,445.00 Option Execute 12/17/18
ASHBURN, JOHN F., JR. Vice President 762,226.00 Buy 02/14/17
BELING, DAVID COATES Director 350,000.00 --
HONAN, SCOTT Vice President 130,000.00 --
CARRABBA, JOSEPH A. Director 100,000.00 --
MORRIS, MICHAEL JAMES Director 55,250.00 --
SHAH, NEAL S. Chief Financial Officer 54,500.00 --
SIMS, JAMES T. Vice President 8,419.00 --
WIGHTMAN, ANNA CASTNER Director 3,000.00 --
GUERRERO-MAHON, NILSA Director 0.00 --
As a previous CEO Mark is not highly compensated at 260k per year. Think of his other projects as Mark taking "side jobs" to continue working on this project until the project is up and running as a good thing. Creates contacts in the industry and with financing sources and gives him a different source of income. (Much better than Uber.) I suspect that the corporate credit cards are maxed out and office staff payroll is the priority. Lets hope for a big reveal in November!
FarmL
Thanks for the Info!
News by next Monday!
Farml1234, Spoton:
Everyone sometimes gets excited at news and misses a decimal point,
or meant going to $1.00 in Future world, which we all hope!
Lets see if IBC replies in the court's 10 day window.
Landmark, all:
Nothing new here. Just a list of the news agencies reporting the NE Tax contract.
BRIEF-Niocorp Developments Says Signed Contracts Nebraska
REUTERS 10/08/2019 5:25 PM
*NioCorp Contracts Are for Proposed Ops of Elk Creek Superalloy Materials Project
DJ REALTIME NEWS 10/08/2019 5:02 PM
*NioCorp Executes Contracts With State of Nebraska for an Estimated $200 M in Potential Tax Incentives Over First 10 Years
DJ REALTIME NEWS 10/08/2019 5:02 PM
NioCorp Executes Contracts with State of Nebraska for an Estimated $200 Million in Potential Tax Incentives Over First 10 Years of Proposed Operations of the Elk Creek Superalloy Materials Project
PR NEWSWIRE 10/08/2019 5:01 PM
Toronto Pete
"And every cent will have to be secured prior to starting construction..."
Commitments to fund will have to be secured. Funds will be disbursed periodically as needed.
(I wonder if a commitment for 70% of the total cost would be suffient to get started and allow the team additional time to raise the remaining amount needed. Just my thought, I have no knowledge or info on this.)
PM. re: Techmet goals
Article dated November 1, 2018.
"South African mining veteran Brian Menell wants to build a battery material giant to help challenge China’s domination of the nascent industry.
It’s still early days for his privately funded company, TechMet Ltd., which controls just a handful of assets from Canada to Rwanda. But he’s raising more money and sees countries such as the U.S. and Japan as potential partners to help catch China in the rapidly growing industry to provide battery grade supplies of everything from tin and tungsten to nickel and cobalt....snip...
TechMet, which is backed by high-net-worth investors, will start another round of fundraising in the next month and is looking to raise about $80 million. After that, Menell says he plans to further invest as much as $400 million in three years, with an end goal of selling shares in a $1 billion initial public offering in five years’ time."
---------------------------------------------------
I think that publically traded Niocorp is currently where Techmet will be in 5 years, looking for one billion in financing.
Now privately held Techmet could begin to accumulate Niocorp shares now. They might also take some part in raising financing, but I assume that it would involve ownership and share dilution as payment at some level. I think that this would depend on Brian Menell's ability to raise capital in global markets and Marks inclination to accept dilution to get the project financed and underway.
Regarding buyouts and mergers, as you pointed out in several of your previous posts--for which I thank you!--it is much more difficult than it used to be. We have some say in the matter.
We will see what Mr. Smith comes up with for financing and whether ground freezing operations and site preparation begin in January. (Presumably cheaper to do refrigeration during winter when the heat differential is lower.)
**I have no special or insider information so everyone should do their own D.D. As always, trade well, and hopefully sooner than later and higher than lower!
P.M.
https://www.techmetlimited.com/what-we-do/
"TechMet is a private industrial company that is building controlling or significant minority positions in world-class projects across the technology metal supply chain."
Buy out perhaps? I am not thinking merger. My guess is that they would want to remain private. We might be asked to sell, but would probably not be invited to join the club.
Would it be a good thing to accept an offer to sell? Maybe. Depends on the offer. I would prefer to sell a portion and hang on to shares long term. If you are part of a privately held group you may also face problems with valuation and liquidity of the shares. (Can't always get your money out when you want by selling them open market.)
PM. Responding to your "Slide" A.M. in Calgary next year.
Hockey...in this instance too high speed! Skip Goalie guy M.S.. More fun to watch the scrub ladies and the slow speed drift of granite on ice!
https://gunaxin.com/ladies-curling (Broom magic...Oh Canada!)
(Fur die Deutschlandern...Nicht Putzfrauen...Die "Zauberhexen" von Curling :)
Like scandium and niobium in the aerospace industries, Curling involves a mining product, granite.
https://www.kayscurling.com/ailsa-craig-granite.html
"Kays of Scotland has been making curling stones since 1851 and has the exclusive rights to the Ailsa Craig granite, granted by the Marquess of Ailsa. The last "harvest" of Ailsa Craig granite by Kays took place in 2013, after a hiatus of 11 years; 2,000 tonnes were harvested, sufficient to fill anticipated orders until at least 2020.[60] "
Kays will need more Blue Hone and Ailsa Green Granite after 2020! Hoping for discovery of a new granite source in the deep mines of Elk Creek and a more widespread North American interest in this fascinating ladies sport! </Humorslide_off>
Returning to Niocorp. While I wrote this My buy share order was filled at US $.4196. Will I regret this? More shares, but the low price makes my Nicorp holdings value look like dog dirt. Well..buy low. Sell high? (To be determined.)
Off to face the rest of the day! (Price now up to US $.4387. Whew! Much better!
(My opinions only. Everyone do your own D.D. I wish nothing but Good fortune to all, including to you Miss Kaye Mackenzie.)
PM.
M.S. Multiple responsibilities to multiple firms.
You can only push Niocorp along so fast. A lot of what is going on depends on outside parties. Sometimes you can manage Critical path so there is no down time, sometimes you can't
So,they complete our work on one step and wait for the approval. Rather than going to the library and read while they wait, or going down to the park to feed the geese, Jim and Mark are both working other companies and projects. Some of those projects may advance Niocorp goals directly, some little or indirectly (Infinite lettuce!) I suspect that some of Mark's earnings are directed back to Niocorp as loans. (Proceeds from his Largo holdings?)
Scott Honan is probably the one who is most directly involved in Niocorp Day to Day and probably does not have any outside projects.
I -everyone-wants to see financing soon. None of us are getting younger, and winters keep getting longer! (Next Annual meeting in Maui!)
P.M.
Aw heck, if you want to make it fun try Las Vegas or or Maui! However, excepting Omaha and Kansas City, Denver is probably the closest major city for most of the NE shareholders. (Just polite to think of them!)
Until Financing I want them to be frugal. Then OK to exotic places like December in Calgary Canada for, Molson, curling, hockey, and the Winter Aurora Season! :)
AO:
Why provide meeting space for Niocorp?
Well, Jones Day is has international offices, But they do NOT list any office in Denver. See:
https://www.jonesday.com/en/locations
I suppose Niorcorp could hold the meeting at a Jones Day office in Chicago or Dallas, and the Niocorp people would have to get hotel rooms, airline tickets, ground transportation that could be charged to Niocorp. (Here I am assuming Mark and the board live in the Denver area?) Less expense to have it in Denver.
Davis Graham & Stubbs Located in Denver.
https://www.dgslaw.com/what-we-do
"What We Do
We serve clients nationally and internationally, with a strong focus on corporate finance and governance, mergers and acquisitions, natural resources, environmental law, real estate, and complex litigation. Our lawyers have experience working with companies in the energy, mining, technology, hospitality, private equity, manufacturing, asset management, aviation, and health care industries. Explore more about our expertise and industry focus below. etc"
It is possible that they already do some legal work for Niocorp or on behalf of Jones Day for Niocorp. Sometimes you do things for the sake of Goodwill, and providing a room for a meeting has pretty much NO cost associated with it. Consider it a foot in the door for the Law firm for a company poised to enter into their growth phase? (How much easier would it be for Mark to drive to Downtown Denver rather than to have to fly to Dallas or San Francisco to sign legal documents? Maybe a way to point this out to Mark. You can drive over and talk to us anytime!)
Finally, I also wonder if any of the partners hold Nicorp Shares? Or, maybe Mark is friends with some of the attorneys, or sits on the board with one of them on some as yet undiscovered M.S. company? Or, one of the A.M. agenda items will be to switch Law Firms to DG&S? Who knows.
Anyway, just me thinking out loud.
TEdro (Yr post to PM)
"Here’s one more you probably weren’t aware of:
https://www.infinite-harvest.com/AboutUs.html
Board of Directors
Mr. Mark A. Smith, PE, Esq. - Chairman
Mr. John Ashburn, Jr - Director/CEO
Mr. Rodger Cree - Director "
1) OK, Mark Smith is on the board of an Urban Hydroponics Farm that grows food instead of Hemp. (<sarc>How much "Rope" does the world need?</sarc>)
2) It indicates interest in sustainable agriculture, an urban farm, grow local, environmentalism. I think its good and more than window dressing.
3) The urban farm is local to where he lives. Its not like he has to fly to New York for a board meeting. (Yes, teleconference in anycase!) The director takes care of the day to day. Since 2 of the Board members are also on Niocorp, the 3rd member and director show up after a Niocorp board meeting and they can discuss the farm after the Niocorp board meeting.
An Aside: Urban winter gardening. Here is how they used to do winter gardening in France:
"cette cloche de jardin donnera un vrai charme à votre potager"
Ah, Paris and the winter lettuce harvest!
Reddoor:
Interesting find.
It could be a good thing in the sense that another potential source of Scandium means that final users do not have to rely on a limited source of scandium and are more likely to start developing production strategies that incorporate scandium and scandium alloys in their products.
Their (potential) mine will open pit mine which will not be as expensive to develop as Elk Creek. Like Niocorp (up to this point) And a lot of Junior miners, they appear to be developers who exist on loans and issuing shares. They trade on ASX under PGM.
For comparison with Niocorp, this is from their 2018 report:
------------------------------------------------------
https://www.platinaresources.com.au/wp-content/uploads/2018/10/2018.09.25-2018-PGM-Annual-Report.pdf
"A Pre-Feasibility Study (“PFS”) was completed in July 2017, confirming the robust economics of developing a 42 tonne per year scandium production facility with by-products of nickel and cobalt intermediate products. The PFS highlights a simple, free dig open-pit mining operation, which will mine approximately 50,000 dry tonnes of ore per annum for treatment and concentration off site to produce 42 tonnes of scandium oxide at 99.99% purity."
and their going concern language: (About the same as Niocorp!)
"The financial report for the year ended 30 June 2018 is prepared on a going concern basis. The ability of the Group to continue as a going concern is principally dependent upon the ability of the Group to secure funds by raising capital from equity markets, or sale of projects, and managing cash flow in line with available funds. The Group’s operations require the raising of capital on an on-going basis to fund its planned exploration program and to commercialize its projects."
P.M. Thank you for the links! Read em, they're good! See my last post!
Landmark:
I reviewed the links provided by P.M in 53093 and these, along with this, your, and Bigal's comments (regarding proxy share record date and shareholder attitudes) resolve pretty much any concern I was feeling about takeovers or hostile purchase. I am posting them here so that no one needs to go back.
The second link contains the most recent information regarding Canadian Law on this subject and on minority shareholder rights.
A possible attempt to acquire a company would be on the radar after a share owner acquires 10% holdings and becomes an insider. It requires public notification of intent to other shareholders after a 20% position is achieved. The acquisition could not take less than 105 days, which allows managment to respond (for or against.) A total forced hostile sale of all holder shares to a buyer requires a 66.6% vote of all shareholders. These are some of the highlights.
If anyone is interested it would be better to access that link than rely on my summary. (Would it be a good post-it?)
https://www.lawsonlundell.com/the-business-law-blog/joint-actors-and-tactical-pills-securities-regulators-apply-canadas-new-takeover-bid-regime-to-a-hostile-bid
https://blg.com/en/News-And-Publications/Documents/Mergers-and-Acquisitions-in-Canada.pdf
PM. Interesting! From your link:
"Jody Dahrouge, B.Sc., Sp.C., – P. Geol.
Director
Mr. Dahrouge is a professional geologist with 25 years of experience in Canada and internationally, and has a successful background in uranium exploration and project generation within the Athabasca Basin."
Like everyone here (except perhaps for Miss Kay Mackenzie) he recognizes a potentially profitable investment. May his assessment, and ours be confirmed!
Good luck to you, me, and everyone else on board!
P.M. & Landmark
And here is the reply to the poison pill question in 50298:
"I appreciate Jim getting back to me on
my poison pill question
He could find no evidence this was brought before shareholders.
Eom"
Not, of course, the same thing as whether a poison pill provision exists in the case of a hostile take over. I am aware of what a poison pill is in the general sense, but not how something like that would operate under Canadian law. (I am not a lawyer or attorney.) Someone...I think you P.M.? that current securities laws would provide shareholders protection against a hostile takeover.
bigal9999
Sept. 12. Good deal! It rules out that concern!
No, I do not think that most here are interested in selling right now!
The Period after financing and construction begins will become the bigger concern!
P.M. Thanks for the information!
I am glad to hear it! (You don't need to do any digging.)