HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: ? Adjusted option price for "old" management ?
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Icon president ? Adjusted option price for "old" management ?
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FANTOMAS
May 05, 2009 09:36PM

I have not seen any news about options re-pricing. Any such action would have to show up in the annual financial report, possibly as a footnote. While I would have no issue whatsoever with Noront doing so for the folks you mention, the company that I work for has resisted mightily any options re-pricing as being unfair to the shareholders.

If push came to shove, I'd much rather suck up the dilution of re-pricing options for "the old guard" than risk <shudder> losing any of them. They are *that* good.





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