and they stated that they had 18 million left in the kitty........... and they could burn up to 4 million a month ... and I was responsible to keep the company financed and the drills turning, the price of the day to day company shares, now or in the future, would not have any influence on trying to keep the company fully funded. I would try to do regular financing to keep the kitty full because drilling and exploration is required to add value to the company, and financing, as arranged by the CFO, is essential to keep the company funded. So essentially it is the CFO's job to keep the books balanced and the drills turning. From my perspective, although different, these are both essential. As a share holder I demand a fully funded NORONT at whatever the cost because the alternative is not acceptable. If the drills miss I can and have to accept that, being fully funded I live to drill another day. I owned some shares in a minning company that went insolvent...... the short of it is 2000 shares turned into 20 by the time the smoke cleared and lucky to get what I got, lots do not get a thing. Now the part of Noront that is responsible through the drills for adding shareholder value has not done its job up to my expectations, and this is just my expectations! But we live to drill another day and what someone once told us " we are just one hole away from fame and fortune" . If you did not expect regular funding for a company that runs as many drills as Noront does may I suggest that you go back and analyze the way you do your DD, just a suggestion please. Sure i would like it if the CFO was able to do finacing at a higher SP, I am sure he would have liked that to, but the reality is he got a PP at 1.25, no one knows the future, I for one insist that he does not gamble with mine. The only gambling I want to do is with the drills. I like the fact that we will have 28 million for drilling over the winter, and as soon as the market gets over itself, it will to and will show it with the increase of the SP......all is just an opinion of a guy just trying to understand and do reasonable DD.....Paliman
