Agoracom: Small Cap Investment - Noront Resources - Re: OK, honestly, what are the chances that Noront will sell out for under $5/sh

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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OK, honestly, what are the chances that Noront will sell out for under $5/share?

herbwiebe

Mar 18, 2010 10:04AM

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Re: OK, honestly, what are the chances that Noront will sell out for under $5/sh

in response to

OK, honestly, what are the chances that Noront will sell out for under $5/share?

herbwiebe

posted on Mar 18, 2010 10:56AM

Herb, if your comment regarding take over offers stems from my comments, then you must have misread or misunderstood my comments. In no way did I imply that anyone should or would accept the feeler offer, at least it was not my intention.

I said that with our current share price a feeler offer could be in the 2-3$ range
and that level would not surprise me.
Should our sp rise a bit then the feeler could be with a premium in the range of a 50
to 100% relative to it.
In my opinion, feelers are not so much serious offers of takovers but as the label implies, they are designed to get an idea where the shareholders stand and what arguments are presented for a Really Serious offer to be accepted.

They may also be offered to reel in suckers, but that is another story.

Sold for under 5$ = snow ball's chances in July.

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