who really benefits

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

From_Sudbury

Rank: President [?]

Points: 10111 [?]

Votes: 332 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

who really benefits

posted on Nov 21, 2013 02:59PM

Who really benefits from such a suppressed stock price...let's look at a recent news release dated July 5, 2013 for some clues...

"the Board of Directors has granted options to acquire an aggregate of 4,850,000 common shares of Noront ("Common Shares") to directors, officers and employees, at an exercise price of $0.25 cents"

Just think what these will be worth if we ever get back to $3.00 even

"The Company also announces that pursuant to the loan agreement entered into between Noront and Resource Capital Funds V L.P. ("RCF") on February 26, 2013, it has satisfied the payment of interest for the second quarter of calendar 2013 by delivery of 1,438,205 Common Shares (the "Interest Shares") to RCF, at an effective price of $0.2743 per Interest Share"

Now....if they could just get the average share price lower...say to $.15....how many shares would it take to satisfy one quarterly interest payment...(1,438,205*$.2743/.15 = $2,629,997)....that would be an extra 1.2 million shares per quarter....quite the incentive I'd say.