"What has Noront done for shareholders over the last 8 years?"
Silly question, imho. Consolidating 3/4 of the Ring's claims must mean nothing.

The question stems from impatient frustration.
Who said that an investor must have profits on a daily or monthly basis?
Too often it takes years & years.
Yes, for some taking smaller but quicker gains suits well. Good for them but there are others who are willing to wait longer for hoped greater gains.
We make our choices and take the risks according.
There is no easy answer to suit all.