Noront Resources Ltd. NOSOF

Low ball offer on top of low ball offer...

[K66666]

Rather than behaving like back alley scumbags, both Wyloo and BHP should have each individually taken the high road and offered a true market value price per share. They now risk having a 3rd party rise to the top like cream and steal the trophy right from under their greedy noses. The next offer could very well be for 2 or 3 dollars per share....even at $3 a share it's a steal.

[Galaxym31]

agree way to low .

[greasemonkies]

How much did Cliffs sell all there deposits in the ROF for? $500 million spent and sold it for $25 million ?

[greasemonkies]

What happens if possibly federal government disallows this acquisition due to foreign ownership? Would only bids come from a domestic or US company then? Would this effect the offer price then?

[Dragon23]

Interesting question GM. I am not really sure of the right answer. I am hoping for a counter from Wyloo, and who knows really, from here?One thing, I believe is certain, it is end-game for Noront. Very happy that my average is well below double digits. I have to say it was sometimes hard to continue buying at the low prices, but it seems at the moment like a good choice. I hope my KWG shares treat

[startenout]

Well Dragon, from what we have seen over the past years, The Noront nickle prize isnt much good without a route. You pretty much need em both.Especially with the bad blood between BHP ans Wyloo. 

[Dragon23]

100% on point. Inaccessibility has always been the bane for Noront. It appears that someone else will take up the challenge before year end. I hope for more bidding, but it is what it is right now. I am fortunate as I have averaged way down over the years. Was really second guessing at times, but bought loads between 13 & 16 cents. Good luck with it.

[greasemonkies]

That's been my point with Noront, they ignored and actually held up the N/S transportation route for access and haulage, this is why their offers are low and although acquiring more properties/deposits it added zero to their value, had Al/Noront worked with KWG/CCC on N/S transportation route and let's say even agreements/or shovels hitting the ground NOT offer would be North of $2

[greasemonkies]

The only thing Al did over the years was travel from city-> city to say we are building a SAF furnace here, and then another no here? Whenever N/S transportation route came up he poopood on it saying 10-20 years away, just a trucking road for hauling (NO ONE BELIEVED HIM).  Like I said Al continually held up a transportation route, no better than Cliff's and now the share price is