Replies to post #5766 on Polymet Mining Corp (PLM)

[steamed_turtle]

My hope would be for a fight between Glencore and USS resulting in a five bucks a share payout. Buuuuttt my reality meter is solidly pegged at .82 cents a share when USS sniffs around and Glencore, with a 35 percent stake would have an insider, would buy out at .75, resulting in us owning a single share of Glen for every 420 we own of plm. The 82 cents? Hope they don't keep it under wraps enough to only offer .75.

Regardless, next spike I am reducing the stake, doing well with espr and feel less chance of manipulation there.

[Galingale]

As you know, Polymet has its corporate headquarters in Toronto and the Company is registered in Canada. My understanding of Canadian law, regarding mining takeovers, is that the starting price is not set by the pps on the day, but as a result of an independent assessment of reserves. I believe that Polymet is sitting on some substantial reserves! Presumably, the Canadians have arrived at this considering fairness to shareholders who would otherwise be prey to the sort of activity we currently see in play against PLM.