RE:RE:RE:RE:RE:i still dont understand something Just trying to help out Fordtrucks, the Jan 14 date is the new date that BHP has set out to start accepting tendered shares agaian as the wyloo/ Bhp takks progress. Since the talks has ended with not results i am not sure that date is significant anymore?? Here is a meaningful clip of the news release about it...
BHP Lonsdale Investments Pty. Ltd., a wholly owned subsidiary of BHP, is progressing discussions with Wyloo Metals Pty. Ltd. regarding Wyloo Metals' potential support of BHP's 75-cent-per-share offer to acquire Noront Resources Ltd. To allow more time for those discussions to progress, BHP is extending the expiry of its offer from 7 p.m. Toronto time on Dec. 14, 2021, to 7 p.m. Toronto time on Jan. 14, 2022. The earliest time BHP will acquire Noront shares under its offer will be at the new expiry time.
obviously there is a new $1.10 offer from Wyloo that NOT management must pour over and figure out if it is superior. In my opinion i dont see how they can not deem it superior, unless there is some shady ( Coutts) business that is not in the public domain, like Lou has been hinting of. Anything is possible.
as per the latest news it sound like Noront is in discussions/ negotiations again with Wyloo over the new 1.10 announcement. Once Noront decides it is a superior offer to the $0.75 BHP offer, I believe BHP then has 5 ( business) days to respond to the offer or back out. As gor the break fee , i have lost track of that, maybe someone else can chime in on that. Hope this helps you out Fordtrucks, and if a point or two is incorrect i hope someone can set it straight. I would not intentionally try and mislead anybody. Merry Christmas to you Fordtrucks.