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: Why no offers at this sp level?

Noront Resources

almost 14 years ago

in response to Goldhaven's message

The answer to that lays in the institutional ownership. It costs a lot of money to start a known to fail hostile takeover and Noront tried it with what they thought was backing from their institutions? Some jumped ship and Noront got some money because of that.

If a company was going to do a takeover they would be talking to the owners of the majority shares who may not be willing at this time. Going in with 10% would be futile and bring notice to anyone else to make a bid.

I think any offers will come when the project has less risk and may be why our management wants to keep thew risk alive till a sudden derisking by all parts of the project are completed.