Given the Dec. 2008 PP was a Flow Through and the Trading of the Large Blocks of Shears late on Wed. and through early afternoon on Thur. averaged ~ $0.78 it is maybe too simple to think that one of the PP Takers were concluding a Private Deal with a Someone Else. With the Cash Back on their 2008 Taxes of ~ $0.12 and selling (ON MASS) those PP Shares, the Seller would break even. Thus Freeing up the Cash to move on to other projects. Could be a Limited Partnership that decided to Get Out. Could be it was one of the Dissadents wanting Out due to growing Conflict with one or more of the other Dissadents or needing the cash to cover Redemptions, etc.. What ever the reason, however, the fact of the matter is that someone Made a Big Shear BOLW OUT. And Big Shear BLOW OUTS are very important and this one WAS PRE ARRANGED. That is very obvious!

Now, Who did the BUYING? That is more important for us to Know, as who ever did the BUYING Had To Have Very Good Reason to take up that Quantity of NOT Shears. And who ever did the Buying were not simply "JOHNY ON THE SOPT".

And Why are we not getting anything more than specific VERY LIMITED Data on Selected aspects of Noront's various Drilling Projects?

My take on this is that Noront's BoD have decided they will starve out both their OWN Retail Shear Holders as well as the various other area Claim Holders. And could it be that they are doing this at the behest of the likes of JP Morgan and/or a Large, if not Major Mining Company desiring to GET the ENTIRE AREA INEXPENSIVELY and/or all in ONE DEAL.

This leads me to recollecting back to my desire 18 months ago of each Area Claim holder Proving what their Property contained and to be rewarded accordingly in any eventual Buy Out, as the best way to Consolidate the Area and avoid" Winner Take What Ever They Can Get" and leave it to the Buyer to Deal with each Property Holder Individually. This would not draw any meaningful or Value Ladened offers from any significant Major as it would expose them to Games by other significant Majors doing likewise with the several other area Property Holders. With the Risk ALL AROUND than no individual Major having only segments of any Large Peopsit would be able to justify the expence of the Individual Buy Outs let along Justify the Funds needed to Develop what each obtained.

The Banter (seems much more than mere banter, though...) around here points to some significant Large or Major Miner looking to do a deal with FWR and likely SPQ, KWG, UC, and now also PRB being desired inclusions. And this has me wondering if Noront, given the Shear Blow Out this week, is involved with the same Significant One or NOT. And if so or NOT, what may be the consequences for Noront. And in turn for us NOT Shear Holders.

Old Joe