OTCPK:NOSOF - Post by User
Comment by
greasemonkieson Jun 10, 2021 12:38pm
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Post# 33362970
RE:RE:RE:RE:OUCH
RE:RE:RE:RE:OUCH Cliffs insiders thought the same thing, ran away from the ROF taking 5 cents on every dollar they spent. Noront bought it (no other entity in the world BIG PLAYERS) took 1 iota of interest in it, WHY? This I've said for years that it was a great acquisition at awesome price, it pissed First Nations off a lot (yet at such a fabulous price Noront never ever offered FN a 50/50 partnership?) as I have said prior if they had and was approved Noront's SP would have lit up, but they chose to sit on making deals and progressing the ROF so as to starve out KWG and acquire them on pennies on the dollar (that never happened and now they haven't progressed and are in serious debt which at anytime can be called in)
If they just took that acquisition of Cliffs assets and proposed a 50/50 partnership with First Nations, where would Noront be today? Road EA done, railway EA done and both already either 1/2 done or completely finished and mines already built?
Sorry, but greed has been the downfall and I believe they don't have control of their destiny. Raising money now to just payoff their loans from selling more shares at what price/how many (already stated 15 cents to dilute shares for poison pill) so use that price.
Cliffs killed their company's ROF holdings by delaying/stalling long enough to bankrupt NOT & KWG and it failed on a massive scale, and then Noront did the same thing? It's a shame so much time and money wasted because of total greed.
GLTA ROF Gamblers