Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
in response to hoov's message

Repost from the Freewest forum for those of you holding shares in NOT and FWR. Sorry if this has already been posted on this forum. Not directly pertaining to recent NOT concerns, but intersesting nonetheless.




Re: AGORACOM "IMPORTANT"

Posted by: AGORACOM on October 14, 2008 05:18PM

In response to: AGORACOM "IMPORTANT" by Cooper123

Dear Cooper123,

Here is managment's response to your questions:



1. Does Russo Asset manager own any shares of FWR, and if so how many ?

RESPONSE:
Yes, management believes in excess of 4000000 shares



2. Has management considered a Shareholders rights plan in the event of an unsolicited takeover bid ? " In light of the current market conditions we are prey to be plucked up at a laughable few cents per share"

Russo has cited one of the reasons they don't want the current board is because they have not focused enouth on there core asset, aso that they have squandered valuable time and money on other properties.

RESPONSE: Yes see proxy for 2008, Freewest focused on McFaulds

3. RE above: Will management give thought to stepping up there current drill program at McFaulds by adding another drill and decreasing the amount of activity and resources they are at this time elsewhere.

Our current Management has stated that the McFaulds properties could contain a "World Class" resource of possibly 100m tons of Chromite. This I believe could be true however, watching the activity of your insiders selling while many of us are struggling to buy shares of your company to keep it afloat is not a good practice, also it does not promote good investor relations or for that matter entice new buyers. "In fact it serves as a red flag"

RESPONSE: In January will 2 drills or more . One for nickel and one or more for chromite

4. Re above will management consider a 1 year freeze on selling the stock "except in a dire need" ? as it could help promote FWR.

RESPONSE: No, this has not been considered.

5. When is the JV anomaly with NOT scheduled for drilling.

RESPONSE: In January after deep geophysics is completed.

6. Will Management be good enough to give thought to all of the above and reply with any other info they would like to add.

RESPONSE: Expect a NR with update next week


Please login to post a reply
luker
City
Toronto, Ontario
Rank
President
Activity Points
40633
Rating
Your Rating
Date Joined
07/27/2008
Social Links
Private Message
Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
Create a Post