Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.


OTCPK:NOSOF - Post by User

Noront Resources Ltd. > Why did RCF sell?
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(307)
•••
Comment by lou64on Sep 26, 2021 8:12am
249 Views
Post# 33920431

RE:RE:RE:RE:RE:Why did RCF sell?

RE:RE:RE:RE:RE:Why did RCF sell?

In retrospect if you look at BHP offer and take into account that Wyloo said they would not surrender their shares ??? 

Then there are approximately 348 million shares that are available ... BHP offered 325 million cad that would be 1.07 per those shares but the deal is for all shares 

Then on the other side of investment coin ... Wyloo PROPOSAL is actually LESS money being forked out to buyout Noront

0.70 for shares not owned
14.8 million paid to RCF
now a 15 million usd loan being converted at today's exchange 18.99 million cad
approx  
277.4 million grand total for Forest buyout

making Noront LESS valued
 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities