Agoracom: Small Cap Investment - Noront Resources - How much does the Hedge Fund Think NOT is worth?

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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tcasey87

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How much does the Hedge Fund Think NOT is worth?

posted on Oct 10, 2008 01:01PM

If the Hedge Fund thought NOT was worth less than $1.00/sh, then they would have sold and moved on.

If the Fund thought it was worth $1.00/sh, then why launch a proxy battle?

If they thought it was worth less than $4.00/sh, then why buy shares in the private placement?

The Fund is after NOT because they know that it is worth a lot more than its current trading price. I would bet that they value NOT at $10+/share.

With the NR today, and hopefully a release on Chrome soon, the value of NOT will do up and up.

I am supporting RN and the current board.

PS. It would be nice to see a NOT NR re Windfall. Visibile Gold? Non-strategic? Pursuing plans to spin off? or to sell? The silence is deafening.

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