Noront Resources Ltd. NOSOF

Why did RCF sell?

[halfcentman]

I've been trying to figure out what Wyloo's ACB is now that it has converted the load at 20 cents and the warrants at 35. How much did Wyloo pay RCF-V for their entire interest? I don't think it was ever made public. Extending the thought, I can't get around what possessed RCF to sell to Wyloo. We're they fed up of waiting? Maybe they didn't fit in the picture and were asked to get out by the Mattawa and/or the governments. Why didn't they take the initiative like Wyloo has? Anyway I look at it, RCF left money on the table. Puzzling.

[Patentpending1]

and that is only the half of it. Anyone know what happened with the Noront/KWG share thing or who helped who in the RCF deal. It's all good anyhow as it moves the Ring of Fire. !!!

[greasemonkies]

RCF bought a huge stake in Rail-Veyor at the same time as selling NORONT for pennies, did they know something? 1) ROF  2) Rail-Veyor  3) Transportation  4) KWG 5) Partnerships  6) First Nations  7) Transportation of ore charges $$$

[greasemonkies]

https://resourcecapitalfunds.com/strategies/jolimont-innovation/

[lou64]

they started around 0.52 and averaged down as time went on with interest upon interest payments ... doing the math they lost out a few million on the sale .... haircut ........ they lost faith in Noront Management and sold https://www.globenewswire.com/en/news-release/2020/12/07/2140542/0/en/Wyloo-Metals-to-purchase-cornerstone-position-in-Noront-Resources-from-Resource-Capital-Fund-V-L-P.html

[lou64]

Did you calculate their value back in 2012 ???? 41.5 million shares @ 52 cents gives you 21.5 million cad and a loan of 15 million usd but they also received another 2 million usd cash which was forgiven for 1 % smelter rights ...... Wyloo paid 14.8 million cad and that 15 mill loan with 1 % smelting rights  lost faith and took a bath .... understand the reasoning behind Wyloo's

[halfcentman]

Lou, what happen back in 2012 is not in question. Where did you get the fact that Wyloo paid $14.8M? You know, maybe RCF sold just because they are not miners like BHP and Wyloo and are more just like financiers. They made a few bucks and got out.

[greasemonkies]

8 MARCH 2021 – Canadian company Rail-Veyor Technologies Global Inc. (Rail-Veyor) is pleased to announce it has agreed to accept an offer from RCF Jolimont Mining Innovation Fund II L.P. (RCF Jolimont II) for a significant stake in Rail-Veyor. RCF Jolimont II, a global investor in mining innovation, adds Rail-Veyor to its portfolio of high growth Mining Equipment, Technology and Services (METS

[greasemonkies]

KWG Resources Announces Ring of Fire Ore Transportation and Utility Corridor     Toronto, Ontario--(Newsfile Corp. - July 27, 2021) - KWG Resources Inc. (CSE: KWG) (FSE: KW6) ("KWG" or the "Company") ("KWG") has engaged Rail-Veyor Technologies Global Inc. and Cormorant Utility Services Ltd. 

[lou64]

Read what is posted before making comments !! Under the terms of its agreements with RCF, Wyloo Metals will purchase the 94,553,126 Noront common shares for an aggregate purchase price of US$11.5 million (C$14.8 million, or C$0.16 per share) and will purchase the convertible loan for US$15.0 million (which is the principal amount of the loan).

[lou64]

In retrospect if you look at BHP offer and take into account that Wyloo said they would not surrender their shares ???  Then there are approximately 348 million shares that are available ... BHP offered 325 million cad that would be 1.07 per those shares but the deal is for all shares  Then on the other side of investment coin ... Wyloo PROPOSAL is actually LESS money being forked