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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11:59pm

Noront Resources

almost 15 years ago

in response to 2sh1's message

Re: the NOT offer expiry times of Nov 18 @ 5:00 pm and Dec 11 @ 11.59 pm, both Toronto time.

What is the significance of the 11:59pm deadline on this final offer? Retail trading is over at 4:00 pm. Any NR after 4:00 pm but before 11:59 pm can still influence institutions to tender. I suspect market trading today will be spent picking off FWR retail by institutions via huge crosstrading of FWR, enticing retail to sell FWR near its capped price of $1 thanks to CLF, and to buy NOT low thanks to NOT's forced retraction on its economic statement on chromite. At some opportune time after 4:00pm NOT will announce its white knight.

IMO