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. > Tendering deadline extension no surprise

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Comment by churchofnutsaccon Nov 03, 2021 2:58pm

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Post# 34083429

RE:RE:Tendering deadline extension no surprise

How many times do we have to go over this?

BHP will need 50% OF THE SHARES THEY CURRENTLY DO NOT OWN. And Management's 10% DOES NOT COUNT TOWARDS THAT 50%.

Small shareholders have been so vital, that BHP have been literally calling them and asking for their shares. It's obvious that retail was not tendering at .75 and so here we are, BHP is attempting a different tactic.

Even if Wyloo tenders, BHP will need a substantial amount of retail to tender their shares to them. And 75 cents is obviously not good enough.

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