Noront trivia #2
posted on
Nov 05, 2010 01:32PM
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)
Due to the overwhelming response to Noront trivia #1, I present to you Noront trivia # 2. As in Noront trivia #1, there could be more than one correct answer....or none for that matter.
1) Noront share price has declined recently due to the following
a) because of me
b) because of you
c) because of the actions of management whereby they do a flow through PP exclusive to their friends at $1.25 and thereby valuing Noront at about .80/share (excluding the 5% finders fee)
d) because those getting in on the recent flow through could sell their current shares at any price above $.80 and benefit risk free
e) because the Ontario Gov't dropped the ball in promoting us to the Chinese
2) People like "us" hang around because
a) "we" are current shareholders and feel we have every right to call managements actions into question when we stongly object
b) because "we" would be sitting around starring at the walls if we weren't posting on here
c) because "we" were hired by companies like Dundee and are arrogant enough to think that we can somehow influence the current share price
d) because "we" are actually showing off to companies like Dundee in hopes of getting a job as a basher
e) because.....just because
3) Why don't people like "us" just selll and move on if we feel this way about management
a) it's not like "we" don't think there is money to be made here, rather, we get upset when management carries on questionable practices that will eventually cause "our" potential return to be diminished
b) "we" are well aware of the potential here despite the fact that management prefers to fly under the radar for now
c) "we" have such motivations which we don't feel we have to expain to "you"
d) despite the fact that "we" are confident that "we" will make money here, that is in spite of managements self serving interests
e) "we" did sell, but due to being dropped on "our" heads as baby's "we" just can't get on with life in general; "we" hang onto things and can't let go; "we" blame others for all our shortcomings; "we" need serious help
4) What do "we" think are the future prospects of Noront
a) "we" would get all giddy over a change in leadership, which "we" feel would create immediate share appreciation, but are not confident that will occur
b) "we" think that at some point in time, management will quit with the games and promote this company as they should, but believe at the same time that this will not occur until such time that enough shares are flushed from the hands of retail shareholders
c) "we" think that at some time in the future there will be a large offering of stock options to insiders, at which time we will be on the market for a takeout at a nice premium to the stock option price
d) "we" think that the eagle's nest will expand at depth; that other deposits will be discovered; that road and/or rail will be built, followed by mining of chrome and Ni/PGE and gold; and everybody will be happy that they made huge profits
e) "we" think that Noront will be sold out for much less than what shareholders are hoping for and some other company, perhaps the Chinese, will eventually mine this whole area; and "we" may all have to learn how to speak Chinese because they will eventually own our whole country; and the Country will change it's name to Chinada.
By "we", I don't intend to put words in other's mouths, and you could certainly substitute "we" with "I" or "me". For clarity, the opinions expressed in this and all my other posts are my opions only....for which I am entitled to ....trying to keep it real ... without rose colored glasses
I will monitor the board in order to decide if I will follow up with further trivia...I could be encouraged again