Fun & Games in the Ring of Fire

Rothschild Inc. Rosseau Asset Management, Irwin Warren, Patrick Anderson.

Yes the first is a household name. Not mentioned anywhere in the Noront Circular of the offer for Freewest Resources Canada Inc., EXCEPT on P.38, Item #3, “Background to the Offer: Line #10 : “Noront engaged ROTHSCHILD Inc. as financial advisor………….”

Did that set off alarm bells in my head ? ! ? For sure. Its never just the camel’s nose under the tent. Noting that NM Rothschild Ltd quite visibly and vocally left the gold biz in london 2 yrs ago, and that again, they publicly have “withdrawn” from active management, say in Anglo, one wonders where they have gone ? ? ? Not to wonder.

Now, the roster is complete IMO miscreants and stalkers, and such who will throw stockholders under a bus for $2.00 or less. Lets see who is on the NOT BoD.
Patrick Anderson ? Ah yes Aurelian CEO, who IMO sold investors down the river for Kinross. Hmmm. I dont have to go on about Irwin Warren, his actions speak loudly enuf for you to get the message. Now go on and read who else is either on the board or works for NOT and make up your own mind. The thing I noticed in the Offer circular is that NOT wants it both ways, can buy or not buy and will try to place someone on FWR’s BoD if if fails, IMO, which BTW, I think the offer is doomed.
Last time that was executed, NOT was vampirized, IMO, by the proxies from Rosseau Asset Management Ltd, the vehicle of Irwin Warren.

Strategically, MAC told them not just no, IMO, but “HELL NO !” and I think tactically we have two choices: Stay or GO. It seems to me that it will you will suffer an adverse Financial Health reaction if NOT gets any real amount of shares.
When and IF another offer is forthcoming, it may be better or worse than this one on the table, but THE Market Says FWR is worth LOTS MORE, with multiple upside projections in my TA.
Rather than guess I can tell you that at this time, MAC is unalterably opposed to anything more than a JV with Noront, and from that determination I expect will spring an other option, although I cannot even guess what it might at this time.

I can say, that in my experience, stocks in this situation and pattern, are indicating that they are capable of excellent price appreciation as the situation develops, which is, of course, IMO, the value that NORONT wants to swipe, at the expense of FREEWEST Stockholders.

I think a reasonable fear of FREEWEST Stockholders is the way many management types treat companies as their private ATM’s to withdraw cash on demand, and deprive the company of the vigor and value it could have. I feel this fear myself looking at NORONT and would prefer to hold FREEWEST singularly, rather than a merged company