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.)

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Re: The 30% figure

almost 16 years ago

almost 16 years ago

almost 16 years ago

almost 16 years ago

I have been trying to get a handle on this 30% figure that has been suggested as what Rousseau has sewed up to vote for their slate. If this figure is accurate we could be in trouble.

I have tried to analyse it using the totals for/against that were voted at SPIDER's AGM. I believe the figures were +/- 30 mill for the split and +/-37 mill against. That was a good solid win for our side, but when you compare these figures with the total outstanding shares, then there were only around 25% of the total outstanding shares that voted. That was with considerable effort from quite a few persons on the agoracom forum. If, and I do mean if, they have 30% sewed up then we have to come up with another 30%+. Can we do it? I know from past experience, that getting that percentage of shareholders to vote will be extremely difficult.

At any rate, My voting packages arrived today, as did a few of my neighbors. All will be voting for RN and company. Total # of shares will be around the 700k mark