Re: Eagle Hill-shell company? web page mostly "under construction"- From_Sudbury
posted on
Jul 25, 2009 11:10AM
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)
Outside this Windfall Lake deal being Underhanded (most polite word I can find to assign to what our BoD have actually accomplished here), doing as they have just done is TOO TELLING of what we, the Share Holders can only expect on ALL Future Matters. The self dealing on the PP/Options came first. Now this. What is next?
Given that Windfall Lake was the Driving Force of this Company up until the $4.00 PP in February/March 2008 on it's own requires FULL DISCLOSURE in what the Company Knows respecting Windfall Lake.
Such a Corporate Changing Event, as doing this Give Away is, should require a Vote by the Share Holders. It is that simple. Thus, the Exchange should NOT Rubber Stamp this FARCE of a Give Away - call it a deal if you like - but Windfall, even with nothing at all to show, is NOT simply Dish Cards!
Also note that this Give Away was announced only weeks after the CEO clearly stated that We, The Share Holders, would FINALLY receive the Long Promised Technical Report on ALL THINGS Windfall Lake. And by the End of July. There were no If's or Buts in that declaration of just a few weeks ago! Consequently, the Exchange in all manner of relevance and respect, not only should not, but can NOT Rubber Stamp (give approval) this Proposed "Give Away". Full Disclosure needs to happen. And then we may have our BoD do a JV, and one that is much more fair to Noront's Share Holders, if that is deemed to be reasonable in Following Up on actual current results at Windfall Lake. And this, only in Light of current Financial Market Conditions AND due to the "Ring of Fire" having BECOME So Mush GREATER in overall Corporate IMPORTANCE.
Old Joe