Pawns and proxies...Noront has been part of an elaborate chess game for years, and RCF globally always seems to be involved in some shape or form. They were the front that Forrest hid behind, and now the reason Wyloo has such an advantage over BHP. Forrest will not yield to BHP IMO...It will be the other way around. Whatever deal is achieved Forrest will be on top, which bodes well for us lowly retail shareholders since I see past promises of a continuance still being honoured.
We, as retail, must not sell out if we can afford to. There will be far more to gain by accepting an offer to stay onboard...Again IMO. The intentions post takeover are what we as retail shareholders need to know, because this will be the best indicator of success going forward. But as I have said before the timing of these bidding proceedings we're questionable to many because they started just before our FS was to be released. An FS that was silenced, and then dumbdown and discounted by BHP's team of creative assessors who structured it in favour of BHP's cheap offer.
Why did Wyloo not proclaim the same as BHP? That such a debt ridden company like Noront should deserve the same poor assessment. No. They instead promoted the Ring of Fire and it's endless value while our BOD and BHP did their best to trash its worth and diminish the company's share price. Claiming that these pennies being offered were the best we should expect.
What do I envision when I think of this....Well...
TM.