Re: Anon dumping NOT again!
in response to
by
posted on
Nov 19, 2013 11:58AM
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)
LTG You are running around in circles without getting the facts straight.
1) RCF owns ( after the last interest payment) around 45,481.601 shares of Noront.
1) If the bridge loan is not paid of by maturity date Feb/14 it automaticaly rolls into a
convertable loan @8% interest not 15% as you hastily state.That loan matures Dec31/15.
RCF has an option to convert the loan into common shares of NOT @0.45 per share.
That is not forcing Noront into bankruptcy as you blatantly suggest.
What is your agenda?
Fossil