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.)

over 14 years ago

in response to luckylou's message

Not questionable but as you state, reqiures explanation for which we do not have but could only speculate about.
I do not own it but would speculate that they changed their mind about needing the cash because share dillution became a larger problem so a smaller PP amount would be sufficient to be in the black financuially.

Why? I could hazard a guess that they may have recieved an offer that they do not like. If they liked it then dillution would not be a problem for them but for the buyer.
If they do not like it then through not dilluting they present a more solid argument that their shares are worth more.
It is just one wild guess.