Agoracom: Small Cap Investment - Noront Resources - Could this be a ruse by BHP - they are in “negotiations” with Wyloo but…

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)

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Could this be a ruse by BHP - they are in “negotiations” with Wyloo but…

posted on Nov 02, 2021 04:37PM

BHP probably approached Wyloo to negotiate, but is Wyloo that interested to come to an agreement? This could be a one way interest. It also serves, at the same time, BHP's interest in convincing retail investors to sell. This makes it looks as though all hopes are dead for a continuation of tendering in the hope that retail investors will give up and just sell before all offers are off the table.