Ring of Fire Monitor

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Tuesday, February 1, 2011

Freewest Losses.... Unbelievable

Update; Close February 1st ...gap widens to $1.58. I could have my Toureg diesel with that $$ Wes & Co.

I just did the math based on the January 31 closing numbers and (excluding warrants and CLF dividends and currency) Noront Shareholders are currently down $1.497 for EACH FWR share surrendered to NOT during their failed attempt to buy FWR. Do the numbers! You better have have a drink handy.

What you have;
# of FWR shares x2/7 x NOT price (0.79)

What you could have had;
# of FWR shares x0.02016 x CLF price(85.46)

This also assumes a par US$

Tim

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