PNP trying to raise funds is good news for Noront as we are one of their best holdings and when we had our last run up before Eagle 2 was announced, it was alot to do with PNP buying their position. So if PNP manages to raise the funds they want, that will be a bullish indicator for NOT as PNP realizes that at this current valuation we are cheap. They paid more for NOT last October when we did not have Eagle 2, AT12 and blackbirds 1 and 2. So buying more shares at our current price will not be hard decision for them. I wish them luck in their fundraising.

Glorieux