Noront Resources Ltd. NOSOF

Mandatory extension rule

[stocksleuth01]

I believe any bid being made for Noront, as with most stocks in Canada, would be subject to the mandatory 10-day extension rule, which is applied to any succesful bidder. This means all holdout shareholders can still tender after the initial tender deadlines if the bid turns out to be successful. They simply tender within the extension period, which the successful bidder must legally honour.
Of course, if every shareholder waited to see what other shareholders decided, very few bids would ever be successful. It's just something to keep in mind.

[RatPatrol]

WELL AND COMPLETELY STATED, stocksleuth01. Thank you, thank you THANK YOU, For bringing some intelligence To this bullboard. We c.......

[stocksleuth01]

Thanks RatPatrol. I appreciate your rational and civil feedback. Your recent insight into this Noront saga has been intriguing.  If I read you correctly on Sunday, you feel that if the current BHP bid doesn't go through, they will potentially raise their bid until it is successful. That is a realistic possibility. So far in this "bidding war," I'm not aware that we have

[RatPatrol]

That's right, stocksleuth01. At the HEART OF WYLOO is the HEART OF ANDREW FORREST. And the HEART of ANDREW FORREST beats a.......(wait for it)........ A STOCKBROKER !! This guy knows how to make money trading In the markets. And by many measures today's markets are HIGH. I VERY MUCH DOUBT that Wyloo's time horizon does NOT align with BHP's, which is 50 - 100 years. We c..