Below is a paragraph from the December 4th NR that is worth revisiting. Some of the comments are Wes's and some are facts which I bolded and underlined. I get it that this is an emotional time for many investors (money is involved) and I really encourage you to take the time to make the best decision for yourselves based on your own personal investment strategy. It is your money so do what makes sense to you. Also there are some very interesting posts on this board specific to yesterdays FWR conference call that one should read (ie. Waren Irwin's comments as an example) that may help you determine your path to tender or not and I strongly encourage all to hear/read.
From yesterday's NR:
Wes Hanson, Noront CEO, states: "We urge Freewest Shareholders to tender
their shares to our Offer, the only Offer that will allow continued
participation in the Ring of Fire. Freewest's shareholders have been abandoned
by their Board and Management and therefore it is up to you, the Freewest
shareholder, to decide the future of your company. We note with interest that
Freewest's Board and Management have sacrificed "new Freewest" while managing
to maintain preferential treatment with respect to their options by receiving
cash at a premium to the current Freewest share price and would receive upon
closing of the transaction change of control payments which are significantly
out of line with industry standards. We also note that the management team has
failed to deliver a value enhancing NI 43-101 resource estimate on their world
class chromite asset. It is also interesting to note that this same management
team negotiated an increased break fee, and instituted a timetable that
frustrates competing Offers."