any comments?, page-4

hopeful

I really don't think they know what there on about

re adbm's first post

"nickel deposits were explored by the same directors back in 2009 with Apex s/holder funds. The deposits were then disposed of into a private company, which has since changed its name and listed on the ASX under the current name of Sirus. It's never really talked about but quite common in the exploration game to dispose of assets into a private company when something of value is found"

... of course, SIR mgt they knew it was there all along. they were just waiting for the right time to say "surprise! look what we found"

"I would highly doubt that SIR have any intentions of producing any Nickel"

and what if they didn't, what if their plan along is to sell out to someone else, a major, for $4+ a share... damn those dastardly schemers !

"The major JV partner has a pile of cheap options that he needs to off-load so the SIR sp needs to stay propped up"

you mean the options that have been getting exercise since about 70c, for the last few months now... the same options that have been filled the bank account with $20m odd, what about them ?

and "propped up" he says - does adbm realise SIR is averaging about $12m in turnover each day, it's a $730m (diluted) company, about to enter the top300/200 indicies... that's a lot of "propping" going on

a few things...

* selling an exploration lease from one company to another happens quite often. it does, true

* options don't really dilute or cheat shareholders if you add the mkt cap up correctly the first time

* people pay money to exercise an option. it's costs them, and brings money into the company

* stocks [including mining stocks] normally have a value based on the expected discounted cashflows from company, no tricks, not rocket science

* SIR is $700m+, that's so much "propping" one might be allowed call it "real buying"

* and it's exploraiton. someone always owned it before. so what