OTCPK:NOSOF - Post by User
Comment by
greasemonkieson Dec 20, 2019 12:41pm
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Post# 30477219
RE:Long term investment
RE:Long term investmentBeing as you say a Long Term Investment, how much longer does FRANCO-NEVADA and RCF give Noront. As we sit and wait interest accrues on Loans, Noront loans are approximately $60 million and will need many more million very soon just to keep the lights on. Who will lend more $ especially when 2 previous loans have the very likely possibility of being called in?
I was once trumpeting both Noront and KWG Resources, not at all any longer as disappointment every time. Noront made a fabulous acquisition of Cliffs properties, but this has put them in a debt which will and has crippled them, they are no longer in control of their destiny. KWG Resources has ZERO $$$, but no debt. Both have unmanageable amount of shares and has pushed SP on both into the toilet, Noront’s will keep dropping and will only contribute to more dilution and less $.
But hey it’s a Long Term Investment we keep being told?