I do think your sentiment is sound thinking.
The current BoD have nothing personal at stake in Noront. Half of them were nominated by a once cocky Hedge Fund.
As for control, there are several so called Institutional Funds (defined simply as someone who invests money on behalf of others - usually significant amounts of money) which specialize in the Minerals Exploration Industry who have significant Holdings in Noront Resources. And as was seen by the results of the AGM thay are NOT all on the same page.
Thus, the Institutionals may in fact have better than 50% of the outstanding shares, but also have their own masters and also tend to bump shoulders with many different other Investment Interests. With that in mind, it is also very likely that several of these Institutional Investors often work in concert with significant Mining Industry interests (for Fee and or Pro-rata Profit on their Investment) and act to either support those Mining Industry interests that pay for servive and/or ensure opponent Buy-in/Buy-out parties pay the best premium possible when moving in on a Junior any of these Institutional Investors may be invested in - thus their Profit.
Consequently, we as Retail Investors can and have played a very significant part of how matters have come to be. We can equally have as much if not more importance in the future. Therefore it is important for ALL Retail Investors in Noront Resources to keep up on What may be What.
A big part of doing so is judging the Behaviour of our BoD.
At present it is all to apparent to me that the Current BoD is working more for others and NOT ALL Noront Resources Share Holders.
You can be sure that JoHam returns calls from those responsible for his being on OUR BoD. And these Special Interests can be expected to be given the "For Dummies PLUS" service.
How about doing the same for the very significant RETAIL INVESTOR Group!
Retail, as a group (or market segment if you like) are the single largest set of Share Holders in Noront Resources. The largest by a long shot! Working to the best interest of Share Holders means Better Communication with ALL Share Holders.
Meaningful Communication!
Old Joe
