One would have to consider whether this might have the makings of an inside job, or not. I wish I could say I trust our current board, but their silence indicates a type of complacency that some would say denotes complicency. CNC should not distract us in any way. Mr. Coutts has some questions to answer for not promoting Noront's resource all these years like CNC has. The Matawa First Nations will soon be enjoying the egg on their faces after seeing other First Nations taking away their glory and prosperity. Good. They deserve what they get for their complacency as well.
IMO... If, and only if, we see either a white knight, or government intervention, will this go away. Forrest will continue his assault until some sort of low ball offer is accepted, or something is done to fast track development. His business dealings with China should be at the forefront here. Some might say he is trying to backdoor our resources to them and give them control through Wyloo. Although, those who think this could be wrong. My supposition, since Forrest has shown no interest in politics, Canadian resource security, or respect for the Canadian investor, is that his intentions are not genuine. He is only interested in making money as far as I can see without paying properly for what he trying to take from Canada, or showing investors the proper respect in doing so.
This is no offer. This is the change from his pocket he is using to insult us. To which I say, "Oiy mate. Get your dingo off me baby.". If he is allowed to take this Canadian treasure then our government should be, as I have said before, held accountable. This is synonymous to giving him a set of keys to Canada. No different than handing over the Alberta oil sands years ago to a Chinese oil conglomerate. In this case, if this is allowed to happen then a Canadian "SORRY" from our government just won't cut it....Even though saying sorry is something we're good at, and we tend to accept. If our government stepped up for the Trans Canada Pipeline than this is no different...If they do not then it will affect many... Indigenous or not. Again, this is of National importance and security.
For all you extremely large retail investors out there some would say this Aussie is trying to hand you a load of malarkey. Are you really going to take it? You know what the Ring of Fire is worth...Multiples of billions. What Noront has uncovered is a drop in the bucket. Are you really going to give up your 10+ years of tied up investment in this, what some might mistakenly see as a "Canadian Shell Company", for a lousy 31.5 cents a share?