As you might guess I think conditions are right for things to happen fast and furious in the RING of FIRE. Here is a bit of my thinking at this time.
A CLASSIC MERGER BATTLE is forming
a 'PERFECT STORM' in the RING of FIRE.
“SEVEN CONDITIONS OF COMBAT” now present themselves as:
Strategic mineral;
Expanding market;
Game-Changing world class deposit;
Much Money and MEDIA is about;
SA companies dying to get out of SA;
Egos, hubris, fear, greed, and revenge;
Assets appreciating while Currencies Deprciate.
ADD it UP and it's a receipe for a very exciting time.
Throw in the mix: Canadians, Americans, Brazilians, Swiss, South African's, Australians, English, Chinese, and Russians, not to mention other Euros, the Democratic Republic of Bay Street, and Ohio.
Today we have a standing offer, fixed by CLIFFS NATURAL RESOURCES of $ C 1.00 per share for the shares of FREEWEST RESOURCES.
FIX in your mind that the clash of the titans over Voisey's Bay was over 100 Million tonnes of Nickle grading 1.6%. Now compare that with the OPEN ENDED estimates of perhaps 100 Million tonnes of CHROMITE ore average 20-40%, a great deal of whichis is +38%, considered shippable without further processing. Thats right sports fans 100+ million tonnes, say 30% average.
Whoa there, ! THAT is a LOT of stainless steel fixin's ! !
CLIFFS has the inside track, but on Thursday, December 9, we were treated to a 50+ Million share day. THE FUNDS are on the scent, the hounds have been loosed ! ! !
It will be hard to visualize this world class deposit going out without a BANG !
Given world currencies depreciating as a matter of course, in a race to the bottom, assets now are preferred to paper. Burgeoning poplulations acquiring the means of modern living, want more stainless not less, and can pay for it. Countries desiring a secure supply of stainless components now have them in their reach.
Should a US company lock up this deposit you can bet your last fiat dollar that the US DOJ and DOD will shoot down any attempt to take it over, just like they shoot down CHINA NATIONAL PET's bid for UNOCAL [ wed later in a shotgun marriage to a 3rd cousin ! ! ].
South African companies have been leaving South Africa for 20 years and with the right BID can replace their Bushveld Chrome deposits in one fell swoop!
Indeed, throw in the MEDIA and you have a coming “PERFECT STORM”. The stockholders are sending out a NO WAY by their deafening refusal to agree to the deal. The funds have ratified that by buying at was the top and now is the floor.
Winthin two weeks I note as many times that when asked about Chrome Deposits in the RING of FIRE, sources close to Xstrata failed to deny that Xstarta was in touch with the Chromite holders in the ROF.
