Noront Resources Ltd. NOSOF

Peterj99....All Info Directly from KWG M D & A, Sedar

[Dragon23]

I posted this exact info on KWG board on June 5th, 2021. Nothing changed to the best of my knowledge,



Someone posted here a while back that KWG had a Business Model. I sure hope so, because this retail shareholder wants some return at least.  I do have some concerns as to how their Business Model addresses:
 

1. Lack of  proven mineral resources. KWG Disclosure: Lack of Mineral Reserves - All of the KWG properties are considered to be in the exploration stage only and do not contain a known body of commercial ore. Mineral reserves are estimates and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized.
2. The Patent: KWG Disclosure: While the Company has been successful in moving its patent applications forward in some countries, that process is not yet complete; moreover, the Company has not yet achieved any commercial success with its technology. There is no assurance that such efforts will be successful or, if successful, will not subsequently be challenged and impugned. KWG has acquired the rights to certain intellectual property patent applications. Although the Company is confident that the applications will be successful and the patents will be issued, there is no assurance of such success or issuance. Moreover, there is no assurance that such rights will not later be attacked or be circumvented. The prosecution and maintenance of such applications and patents is expensive and there is no assurance that the Company will be able to secure, exploit, maintain or defend its intellectual property rights.
3. Debt. They certainly do not have the albatross of debt that Noront must deal with, but debt non-the-less. KWG recently eliminated some debt with 16 Debenture holders. KWG Disclosure: (As a result of the conversion the Company reduced its current liabilities by $5,180,860 and added 986,830 multiple voting shares to its issued and outstanding capitalization). Again, not the debt of Noront, but debt that necessitates share devaluation. At least one Debenture remains on the books to the tune of $500,000.00.  KWG Disclosure: A single unsecured convertible debenture which was issued in the principal amount of $500,000 on October 3, 2017, bears interest at 12% compounded annually and was due on October 3, 2019, but was extended to March 26, 2021. Interest is payable in Multiple Voting Shares issued at their volume weighted average trading price on the ten trading days prior to payment. The principal may be converted by the holder at any time, in whole or in part, into units at a rate of $21 per unit, with each unit being comprised of four Multiple Voting Shares and two warrants, with each such warrant enabling its holder to acquire one further Multiple Voting Share from treasury upon payment of $7.50 at any time prior to maturity (namely, until March 26, 2021). The Company is currently renegotiating the terms of this debenture with the debenture-holder.

I never mentioned their grandiose plan of a railroad or slurry pipeline. Are  their Debenture holders willing and able to finance such a massive undertaking? So far there are no indications of majors, or other deep-pocketed  backers.
 
Finally, kudos to our management team for making a little money on Noront shares! KWG Disclosure: On May 12, 2020, the Company purchased 62,500 Noront shares on the open market for cash of $8,240. On May 12, 2020, the Company transferred 60,500 Noront shares in settlement of a debt in the amount of $13,200. A gain of $5,223 was recognized on this disposition. NICE DAYS PAY! Someone please share this tidbit with Lou64, maybe Frank will 'school' him/her how to make some moola with Noront shares. 

Whoever the shares went to must of had great faith in Noront  that day. 

Don't  shoot the poser of questions here...I am a KWG shareholder just like you. The volatility of the ROF right now is most intriguing. And............Since KWG have initiated discussions with Wyloo!!!,....... who knows, but I expect an interesting and intense week ahead. 

Good Luck Everyone

[greasemonkies]

Back with the red crayons again Fossil/Dragon?  What will happen if KWG makes a deal with RailVeyor to install from Nakina -> Ring of Fire deposits and being electricity will be needed along the N/S route to operate this railveyor system they supply electricity to surrounding communities to hookup to, what will happen if First Nations partner with KWG on this initiative? Would they not

[wheelsonthebuss]

only problem with your story ...... NO ONES SELLING THERE SHARES ..... now what big dreamer.. ......and your buddy Truthless Trudea is right in line ( in bed ) with China .. so there goes that bright idea ...  maybe some USA company has there sights on NORONT is getting ready to bid .... I wouldn't dought it ..... ever heard of Musk, Everreddy etc...  America First - GO TRUMP GO

[startenout]

  For once wheels may have a point here that isn't sticking out of the middle of his forhead from running into walls. How far can you trust Trudeau with all his scandals ; not to be a  puppet to china?? Why is he taking such extreme measures to keep covered up in the Winnipeg virology lab with those 2 fired Chinese scientists?? What went on there?  Where theres smoke there'

[Dragon23]

Greasemonkies....I was merely responding to another investor who asked specific questions? Why the attack mode from you???? Sorry, I don't make investment choices based on what if's or other unsubstantiated conjecture. In other words my glasses are not rose colored for Noront or KWG; although I have shares in both. Everything in my post, I stress, EVERYTHING, is from KWG/SEDAR disclosure

[greasemonkies]

I haven't seen your red crayon work on the many major IF's regarding NORONT  OF COURSE YOU ARE FOSSIL AND YOU HAVE ATTACKED MYSELF MANY TIMES, HERE AND AGORACOM  SIT BACK IN YOUR CHAIR AND WATCH THE SHOW 

[Dragon23]

Greasemonkies....I am seriously trying to understand your motivation as an investor???? Are you even holding shares in either Noront or KWG?? I have often pointed out the obstacles Noront faces. But they do have proven resources, and a plan that is slowly unfolding to produce nickle first, maybe chromite later. They are front and center with their proposed plans. Will they succeed? That remains to

[investorat]

Drag on You are such an idiot. The real offer for Noront is there Live with it. Coutts has been offered a job WITH WYLOO. He will sell you out in a heartbeat. East West road is coming! SAF is coming! Dream on ! You Noront pumper

[Dragon23]

Mr/Mrs Flip flop.......you have zero credibility, highly unlikely any money invested anywhere, so begs the question... What is your motive? So do like you predicted the KWG share price was going to do.....Take Off.

[lou64]

HOW CAN NORONT MANAGEMENT LIFT THE SHARE PRICE WITHOUT " ANY FIRST NATION " ARGEEMENT ???   NOTICE " ZERO " news about progress about EA advancement after SEVERAL First Nations DEMANDED HALT ??? NOTICE there has been ZERO NEWS OF " FORMAL " takeover coming from Wyloo after over a month of the initial news they proposed a takeover ??? I would expected by

[wheelsonthebuss]

Don't be miss lead by these FOMO's - rule #1 - DON'T SELL YOUR SHARES - now lets see some more BIDS ........ O YAYA !!!!!!!!!!!!!!!!!!!!!!     Note: 100 Billion worth of materials in our reserves - O YAYA !!!!!!!!!!!!!!

[Dragon23]

Seriously Lou64????????? You have to recognize your missteps along the way here, so, so, many times. One recent glaring one was to state that nobody would do a pp with Noront....duhhh?????? There are just so many things you have stated as facts about Noront that were 100 per cent false. For heaven's sake, you had a few posts removed.....remember? Sure, you do. Now, here you go again. I am glad

[lou64]

LMFAO FORMAL ??????? 1 Month / 3 Month / 6 Months / YEAR ??????? Let's put it out there but drag our feet without PROVIDING ???????  ROUSE ...... HERE SUCKER !!!!

[Dragon23]

Ahhhhh........forgot to reply to the sophisticated, elite investoRAT ...... Things are going about the way I anticipated. How about you?