Precious and Base Metal Investing Message Board

11/9/2006 11:27:36 AM

Seems NG has spoken to interests holding 63% of NG stating they won't tender at 16:

resourceinvestor.com

<begin quote>
Niewenhuyse said that management and directors hold 5% outstanding (10% fully diluted), plus there is another 15% held by friends and family.

“We have heard directly from shareholders representing 63% of the issued shares that they have no intention of tendering to a $16 bid,” said Niewenhuyse.
<end quote>