We'll need a healing process, to make Noront as a Company strong again, not fractured, with all Shareholders on board. This old saying...
"You can't live with them, and you can't live without them"
in reference to the funds. You would be blind in thinking retail alone can raise the kinds of money required to move forward at McFaulds. 200 Million Initially. A Major, taking a significant position would be the answer, however, with current market conditions prevailing, even the largest majors are now being very conservative. Eventually though, Prove It, and they will come.
RN already tried to broker this peace with Rosseau, but they wanted it all. So True, but you just can't shut out the large shareholders (40%) after this win. As cooler heads prevail, and given some time to reflect on this recent past, an olive branch extended from current management to dissidents or vice versa, would serve competing interests well, to come together, an agreement on common goals and some representation.
What's good for Noront, in the end should be good for all parties and which will be reflected in shareprice, for all shareholders.
We need them, as they need us.
Of course, post AGM, the initial actions of these large shareholders in the marketplace, will speak volumes after their loss of this Proxy Contest, and will determine whether an olive branch can be extended at all. More hard times though if they liquidate.
Cheers, Mark
