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.
Again...my opinion...and hard to prove one way or another