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Norra Metals Corp V.NORA.H

Alternate Symbol(s):  NRRMF

Norra Metals Corp. is a Canada-based precious and base metals exploration company. The Company’s principal business activities include the acquisition and exploration of resource properties. Its Norwegian assets include the Bleikvassli polymetallic, zinc-copper-lead-silver underground mine project and the Meraker copper-zinc- gold exploration project. It also holds a 100% interest in the Pyramid copper-gold porphyry project located in Northwest British Columbia. The Pyramid Property is located approximately 65 kilometers (kms) north of Dease lake in north-west British Columbia. The Company’s Bleikvassli property is composed of the last copper-zinc-silver-gold producing mine across six contiguous exploration licenses totaling 60 square kilometers (sq.km) of area in the Hemnes Municipality of the Nordland Fylke Province of Norway. The Meraker property is composed of approximately 21 contiguous mineral licenses totaling 206 sq. km in the Meraker municipality of Trondelag County, Norway.


TSXV:NORA.H - Post by User

Bullboard Posts
Post by carterZ21on Mar 15, 2012 10:34am
478 Views
Post# 19673633

PDAC

PDAC

Hello everyone,

I too attended PDAC and had the opportunity to speak to George Cavey. The only additional comments to report other than what has been already posted was a comment Cavey made about the exercising of options by insiders. I mentioned to Cavey that I track insider transactions and like to see that insiders "eat their own cooking" as it relates to owning shares of their company. Cavey pointed out with interest that insiders did not sell any shares as a result of the recent exercising of options and his general body language was that I should be able to read something into the fact that they are holding their shares. Cavey also gave me the impression that within a month things are going to get interesting. I joked that we should take a picture of the booth as it likely wouldnt be around next year and he smiled and nodded.

My general observations of the booth and discussions was that the company is purely being positioned for a sale which I believe is just a matter of time. No discussion of any additional drilling/exploration.  PAA did not have a booth but Cavey mentioned that they had reps floating around PDAC. My view is that OK was not impressed with the PAA PEA and are positioning the company through the independent assessment to counter the PAA conservative PEA. Good strategy IMHO.

 I believe PAA will be the eventual acquirer and as others have mentioned any friendly offer must be recommended by the OK board thereby reducing the likelihood of a low ball offer.

 

GLTA

Carter

 

Bullboard Posts