next move, page-16

Bid price is irrelevant. I expect a PAPER bid ...... and again irrelevant at what ratio ...... cos only paper is issued in my hypothesis. Doesnt matter which way to end up at say 70% HNC ... and HNC wouldnt care how much paper at what equivalent price ..... market will adjust for it.

Thats the shark theory I envisage.

Might be way off the mark and who knows someone else might join the f'ray or it may not even happen. Lets just say there is an odour in the air so lets see what happens.

Next most important step for us tho is successful production start of concentrates and metal as Cuzo says.

Note HNC bid 83 cash for AII after it was first cleaned up from 30 to 45 on market methinks.

If I stabbed a guess at what equivalent price market mightrate such, then lets stab at 135 say on pure spec. Few months ago we would have laughed at such. Now there would be plenty wanting out with something given this market status. Its all in the TIMING hey ?

Classic bear raid if it turns out so.

IMBOOC