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: So what does this mean...:[

Noront Resources

almost 16 years ago

Mustangman, I am with you. This sucks.

This sure isn't the solution I was hoping for. I don't know about anybody else, but I would have preferred losing honorably to Rosseau than selling out. Why did Rosseau get so many seats on the board? For a 9% interest (or even 30% if they are telling the truth) Rosseau gets over 50% control of the board? Gimme a break. This is the same result as if they had won the full board. We get what, one rep. Big deal!

Richard Nemis may be an honorable CEO and I wish him well, but he was dealt a rough hand and, in my humble opinion, played his hand poorly this time. I think Rosseau's threats (bluff) made him blink.

I hope that we still get to hear the result of the vote. I we prevailed and this is what we get, I may just melt down my computer monitor.

Now we just have MORE uncertainty. Time will tell whether this board has anything more than their own interests at heart.