Spider Resources

SPQ has been a take out target from the day it found the BD deposit. Any idea that CLF would leave any portion of a multibillion dollar deposit in the hands of a jr like SPQ is really funny. CLF will buy SPQ before production starts on the BD deposit. Letting a jr have 30% of 1.5 Billion (approx.) gross sales a year makes me question the logic of anyone who would present an idea like this.

The R/S was a bad idea from start to finish no doubt in my mind. The more shares the better when your a hostle takeover target. Neil wants to keep his job, who can blame him but he does not own SPQ, shareholders do and they will decide SPQ's future. Rasing capital through pp are history for SPQ, they will not be around much longer so why would they need more capital?

rallard