Re: If NOT obtains >34% of FWR

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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BarbuBeatnik

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Re: If NOT obtains >34% of FWR

in response to

Re: If NOT obtains >34% of FWR

hoov

posted on Dec 09, 2009 04:32PM

"Cliffs' deal with FWR dies with 34% of FWR shareholders tendering to the Noront offer."

Even with 25 % or even 20% tendered, the Cliffs is dead. Most of retail (if not near to all) will vote against. REmember that NOT aimed 66 2/3 originally, and they may surprise all of us when the result will be known. The Register Agent may have a lot of entries accounted for on Friday evening to the "Noront Resources Ltd" sheet in the Freewest's Shareholders Book. (Hey: we should start a guess game to kill time before the next news... My bet: 50% NOT's holding in FWR by Friday night. The winner gets a "so-called warrant" of NOT)