Noront Resources Ltd. NOSOF

BHP: cash+shares

[halfcentman]

The only way BHP can counter Wyloo's dominant share count and low cost base is to offer us some cash and BHP shares. It will become very expensive for Wyloo to counter such a move. Wyloo is pretty well stuck offering us cash. BHP shares are traded on the NYSE, Wyloo's are not. It would be an attractive add-on to be able to sell converted NOT/BHP shares at my convenience.

[lou64]

So where the news about taking Wyloo offer ?? If it truly is a solid bid and a SUPERIOR OFFER ?? Then why is it talking 5 days after the fact ?? Doesn't anyone think that BHP has gone over this Superior BID with Noront Management like SEVERAL times over to say it is or isn't ??? RIGHT it takes WEEK or MORE...... amazing the BS after 5 days of sitting on a  " MERE PROPOSAL ONLY

[startenout]

Who said they are actually taking the offer???? Noront is probably trying to find a way ariund this and fix their BHP parachutes.  who sre you making out to be the bad guy here? Noront for taking a week+ For an answer that should have come out over the long weekend ( Tuesday morning at the latest) . Or Wyloo for for not shooting straight with the offer wording. Either way Noront MUST

[lou64]

Why do you think I'm questioning ?? Both Wyloo and Noront's management are playing games and shareholders are TRAPPED in the middle hence " LIMBO " The PROPOSAL should of been addressed  ASAP after the review by board / management and BHP  WHY do you think there is ZERO news coming from BHP because there isn't anything WORTHY to respond to   It is

[startenout]

Superior propoosal right to match page 50-51 can be found on . Lots to go through.    Sedar.Superior Proposals, Right to Match, etc. If, after the date of the Support Agreement, Noront or any of its Representatives receives from a person a written Acquisition Proposal (including, for greater certainty, an amendment, change or modification to an Acquisition Proposal made prior to the date

[lou64]

Why do you think Wyloo SLAMMED Noront publicly ?? They gave them a proposal and management NEVER BOTHERED to respond or acknowledge ?.. is it a true bid or just a proposal with a public shaming for Noront to open up the archives ???

[startenout]

I believe the clock started on the 3rd and Noront/ BHP have 5 days to address Wyloo's proposal if i read that piece correctly, which would be taday. Noront may say they thought it was 5 " business days" which would make it the 13th being Monday was a holiday. Who knows whats going on with the lawyers, But they will need to respond to this at some point. 

[wheelsonthebuss]

lou you seem to be chasing your assskk on a daily bases - O YAYA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!