who are not members nor read any major message posts, should if they wish their NO VOTES tallied, please contact Serge Brunete at a dedicated email account for that purpose: ffom@live.ca. This msg is brought to you as a service of the RING Of FIRE Mining Camp Blog, in the interest of facilitating fair offers freely arrived at, for all shareholders in Ring Of Fire Companies, and specifically FREEWEST Stockholders.
Stock in companies who would fail to realize their value in finance and stock markets are the ones who suffer most, when the Investing Public fails to become fully aware of their share in the profits available to them.
Explorers in the RING of FIRE have found deposits chrome, copper, nickel, paltinium, diamonds, palladium, gold and silver that bear serious investigation to determine their true value, which, IMO, would be prematurely terminated by immediate acquisition. I find myself more in favor of joint development but that is not a model often used, but worthy of consideration.
Showing posts with label Stocks and Bonds. Show all posts
Showing posts with label Stocks and Bonds. Show all posts
Monday, January 18, 2010
Thursday, November 26, 2009
Drilling Season is upon us, in the RING of FIRE
and everyone from the Major Major to the tiniest of Juniors are playing close attention to the current tidal wave of interest in the mineral values in the RING.
Who started what doesn't matter as much as who gets what. Who gets what has been
the primary element of the struggle to - date.
Noront announced its unsolicited all stock offer [ 1 share of Noront for each 4 shares of FREEWEST ][ as unissued, this would have resulted in a 1/3 dilution for all shareholders, new and old ] in early October and was greeted with great skepticism by both the Market and FREEWEST Holders. FREEWEST management was more direct and called for an outright rejection of the offer and advised against tendering any shares to Noront. While Noront has not publicized how many shares it did obtain, subsequent events seemed to make this offer untenable, as FREEWEST's price moved far and away better than Noront would have penciled out to be.
FREEWEST and its holders maintained that CLIFFS [ former CLEVELAND-CLIFFS ] of Cleveland, Ohio, had the inside track and would make a superior offer to Noront.
On Nov 23rd, FREEWEST CEO "Mac" Watson, announced just such an offer by CLIFFS, with an estimated value of 70 cents per share of Freewest, for their RING of FIRE
Chromite properties. That is where it stands as of this moment. Theoretically, the NORONT deal is open until Noront says it is not, or until the FREEWEST stockholders vote on the CLIFFS deal. That part is about 6 weeks out. So for a minimum of 6 weeks there is going to be a virtual donnybrook about the values attached to RING of FIRE Properties, the bidders and those sought after. More will be posted here about such.
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Who started what doesn't matter as much as who gets what. Who gets what has been
the primary element of the struggle to - date.
Noront announced its unsolicited all stock offer [ 1 share of Noront for each 4 shares of FREEWEST ][ as unissued, this would have resulted in a 1/3 dilution for all shareholders, new and old ] in early October and was greeted with great skepticism by both the Market and FREEWEST Holders. FREEWEST management was more direct and called for an outright rejection of the offer and advised against tendering any shares to Noront. While Noront has not publicized how many shares it did obtain, subsequent events seemed to make this offer untenable, as FREEWEST's price moved far and away better than Noront would have penciled out to be.
FREEWEST and its holders maintained that CLIFFS [ former CLEVELAND-CLIFFS ] of Cleveland, Ohio, had the inside track and would make a superior offer to Noront.
On Nov 23rd, FREEWEST CEO "Mac" Watson, announced just such an offer by CLIFFS, with an estimated value of 70 cents per share of Freewest, for their RING of FIRE
Chromite properties. That is where it stands as of this moment. Theoretically, the NORONT deal is open until Noront says it is not, or until the FREEWEST stockholders vote on the CLIFFS deal. That part is about 6 weeks out. So for a minimum of 6 weeks there is going to be a virtual donnybrook about the values attached to RING of FIRE Properties, the bidders and those sought after. More will be posted here about such.
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