Jul 11/14 |
Jul 10/14 |
Resource Capital Fund V L.P. |
Direct Ownership |
Common Shares |
11 - Acquisition carried out privately |
518,270
|
|
Above info was posted by RockLicker the other day. I thank him for that.
The comment I want to make is this: There is a pattern of successively lower number
of interest shares paid to RCF.
Jan 13/14........................2,104,398 shares issued to RCF
April 10/14.........................871,434 shares issued to RCF
July 10/14..........................518,270 shares issued to RCF
And i firmly believe that this trend will continue going forward.Some call it
a share grab. I very much disagree. Why? Where can you find an entity that will
loan money to small speculative resource company like Noront without demanding
to be paid for taking that risk? When a small company needs cash to operate it
will take the best deal available.
Remember well, being told by Wes Hanson that he did NOT want to go to market
to raise cash because of low price. Noront was changing hands at 65 cents then.
Less than three weeks later he did PP with RCF at 52 cents. WOW!!
Still strong on Noront.
GLTA,
Fossil