Spider Resources

Welcome To The Spider Resources HUB On AGORACOM First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Re: amalgamation

Spider Resources

over 14 years ago

in response to hoov's message

Do you honestly believe that even the combined company will last to another private placement financing call?

Cliff's has made it clear that they are interested in Big Daddy, and imo made a strategic error with the lowball. They should have opened at 18 cents, a 20% premium over the 52-week high.

Cliff already owned 19.9% of KWG and 4% of Spider. You can bet that they are buying more today.

The merged company will be bought out before the end of the summer. It is just a matter of how much we are going to get for it. My bet is still in the 30-40 cent range.