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)

Free
Message: Interest Shares
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

3
Jul 13, 2014 01:25PM
Share
New Message
Please login to post a reply