Ann: SPP Offer Letter, page-42

I’ve said it before, this thing is going to sell for 5 to 10c if your waiting for anything more than that your dreaming. I can’t see it going for less than 5c however JD and his negotiating skills tell me there is no way in the world we will get over 10c and 10c itself will be hard work. Remember this post.

My 2 cents, the cap raise is going to be a total failure, there is a take over accumulation blatantly happening in front of us and we all know it even if we don’t want to believe it.

Once cap raising fails and JD is out of options, the play for take over will occur. This means IBG get 5 to 10c for the resource. The party taking over get it at a huge discount at these prices and they either 1 sell it through their contacts and network for 20c + a share or 2 take it to development through joint ventures.

Watch this space.