Noront managements inactivity and incompetence on this file is disgraceful.
These two Aussie companies are now conspiring to drive down the shareprice to the tender offer. Management has been accepting low ball bids just to unload this company.
Too much inaction in creating value for shareholders have been going on for years. Holding down share price for more interest shares for the Aussies to gain control.
The value of this mining play is being taken away from long term investors because Johnny come lately wants to have it all. Long term tight fisted shareholders wants more money for their shares which the Aussies do not want to pay. SO....they decide then enemy of my enemy is my friend
If they agree to allow this company to carry on as a going concern they will issue so many shares to pay for building roads and mines. Then roll the shares back reducing all our returns.
These are my concerns and I needed to vent. I want more money from these bidders and still wish it could remain Canadian.
After all of this time, I will take the offer and run. I will not participate in a future Noront (if there is one)....but.. maybe partner with our First nations as they hold the keys now.
All my opinion of course.
Glta Merjr