Noront Resources Ltd. NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd. > Wyloo offer at 70 cents or keep investing

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Comment by RatPatrolon Sep 14, 2021 5:51pm

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Post# 33859216

RE:RE:RE:RE:RE:Wyloo offer at 70 cents or keep investing

Yes, Startenout, Wyloo's management put a LOT of thought into their offer.

Wyloo doesn't REALLY want your stock IMHO.

Wyloo wants to tender its own stock to an offer higher than 55 cents.
I believe that Wyloo tried to sell its shares privately to BHP.
Talks broke down over price.

Soooo...
Because development is so far into the future, BHP chose to bid for ONLY 55%.
This would freeze Wyloo from selling for years.

This is Why we are here Today.

DYODD

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