The last I read retail shareholders have 43% of outstanding NOT shares. And the last I heard, Noront wants to continue to be #1 at the Ring of Fire. And the last I heard, Noront has a huge land position and lots of nickel, chromite, and PGEs.
I can only think of George T's conversation with a number of Agoracom Vancouver conference attendees. He told us about a conversation he had with Warren Irwin the day before the proxy vote. Here's my version of the conversation.
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George: Hey, Warren! How's it goin'?
Warren: I couldn't be better.
George: Glad to hear it. How things going with the Noront thing?
Warren: It couldn't be better, George.
George: How's that?
Warren: It's in the bag, George. It's in the bag.
George: What do you mean?
Warren: Don't be thick, George. The proxy battle is won. We got it in the bag.
George: Well, you're the man, Warren. You know what's goin' on. I can't argue with that.
Warren: See you at the AGM, George. Hey, you fought the good fight, George. But when you got it. . . well, you know.
George. Hey Warren. You da man.
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My point is that the retail investor has a lot to gain by staying the course: NOT is going to succeed (IMHO); there will be another AGM; and Parisotto is a little man who's given us nothing. We can tell him then.
George T. is a much bigger man, and a much smarter man. No one fools with The Greek :)
Investor activism has won, and can win again.
Snug
