Re: Conflict of interest?

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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From_Sudbury

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Re: Conflict of interest?

in response to

Conflict of interest?

Fossil

posted on Apr 03, 2019 01:49PM

First of all, Noront is not currently in a position to move towards production or to take anyone out....not at these rediculously low prices

Just to fund building the mine....assuming they get full funding from the government for the road, and assuming someone else funds the chrome smelter, they would have to sell the company many times over in share dilution...at these prices

They need a market cap in the Billions...not this lousy 100 million....before any of this becomes reality. Meanwhile, someone else is going to take us out for a song...or worse yet...they take out one of the smaller players and leapfrog us.

I believe...and this is my opinion...that the share price is being manipulated lower by someone benefiting from a low share price (shares for interest payments)...and that by doing so, an opening will be created for someone else to enter.