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. > Sell, vote No, buy again after

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Post by halfcentmanon Feb 28, 2022 6:02pm

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Post# 34469329

Sell, vote No, buy again after

Here's an option that some of you may consider. Sell now at 1.07. As most of you were shareholders on January 31, you have the right to vote whether you own the shares or not by March 11th. Consider buying back after the vote. What will Noront be worth should Wyloo control 50% but less than 80%??? The loan will be enforced and dilution will commence. The $1.10 will be off the table. Fair market value will be assessed on the share price. If Wyloo controls 81%, you get squeezed out at $1.10 anyway. Just an opinion. Make your decision based on your own conclusions.

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