I saw the news last night regarding the PP and the new NR regarding changes to PP.

My first thought is and remains, "I wonder what is really going on behind the scenes?"

Until I know I can't really offer a negative comment.

I can only rehash the facts.

We have a high institutional ownership. The truly big shareholders did seem to be happy with the way things are being run at Noront. Our current BOD has not changed. Many retail have been unhappy for a long time. The larger holders are either able to see the forest through the trees or have been made aware of the trees to brighten their vision.

We know that Noront has the best land package and most attractive deposit(s).

We see the big talent associated with them.

WE seen the interest in the government and the commitment so far Ie;commitment of 45 million for aboriginal training and the hiring of the new Ring of Fire Co-ordinator.

Those of us that read THE BIG SCORE have seen only a sampling of the mud slinging that was actually written about. Not only was there very ugly stock manipulation, but also the timely blockade and shortly after the reduced price buy in by Teck. There was also the media mud-slinging. Remember the comment in one of the newspaper's something to the effect of , "if you are buying Diamond Fields you are a gambler, you might as well roll the dice at a casino?" Lots of utter crap the shareholders had to put up with. Funny how most people have heard of words like Inco, or Voisey Bay. But ask them if they heard of Diamond Fields. I doubt you'll find a person. If you find a retail shareholder that had been involved in the stock, I doubt they made money. They either broke even or sold at a loss just to be rid of the gut killing, bile forming, monster called Diamond Fields. The monster that ended up getting sold to Inco for a pre-stock split equivalent of $142 per share.

Sum, pointed out what appeared to be a temper tantrum by Morgan Stanley Canada today. I keep thinking back to so many things.

Things like Joe Hamilton worked at Dundee.

Dundee was a big buyer supporter of Aurelian Resources.

When news of Eagle 1 hit there were confidentiality agreements signed with BHP, INCO, Rio Tinto, Xstrata. Apparently these agreements are no longer in place. But, I am sure these companies have been following Noront since.

Today I pondered Morgan Stanley and their actions which appeared as Sum mentioned to be a temper tantrum. It's articles like the one below that get me thinking. Is Rio Tinto angry? Is some Chinese Company angry? Who is angry and Why? Why is Noront doing what they are doing Now? My gut is telling me they are doing the right thing despite what many here believe they see. I can only imagine how much more Dundee and their aggregates added together own of Noront. Since my expertise is in a different field, I give Wes and the Board benefit of the doubt that they actions are the right ones in the current climate. They know more than any of us about what is in the water's circling around them.

Pls see this article below:

It is hard to find a major investment bank that isn’t involved on some side of the BHP-Potash deal drama.

Goldman Sachs Group, Bank of America and Royal Bank of Canada are advising Potash Corp. of Saskatchewan. BHP Billiton has tapped J.P. Morgan Chase and Barclays Capital for advice. Then there are the six banks BHP has lined up to help it finance the $45 billion bid, including Banco Santander, Barclays, BNP Paribas SA, J.P. Morgan, Royal Bank of Scotland and Toronto Dominion Bank.

Bloomberg News

Missing from that banking scorecard for what is shaping up to be the biggest deal of the year is one of the world’s leading M&A players: Morgan Stanley.

Perhaps it means the New York bank couldn’t get hired anywhere. It could also mean that Morgan Stanley has potential conflicts that prevented it from getting an assignment. Consider that Morgan advised Rio Tinto in defending against BHP’s takeover attempt in 2008. That could make it awkward for Morgan Stanley to advise BHP in the Potash bid. However, J.P. Morgan also advised Rio in its take over defense and is now working with BHP.

Maybe Morgan Stanley’s absence means it is working with a rival bidder that has yet to emerge.

And where might Morgan find such a bidder but China, where the investment bank has deepening banking relations and where many believe a competing Potash bidder could emerge.

Among Morgan Stanley’s China bone fides is its position as the first international investment bank with a domestic China joint venture— co-founding CICC in 1995. In recent years, it also managed China Construction Bank’s $9.2 billion IPO in the U.S. China Investment Corp. also owns 4% of Morgan Stanley’s stock, totaling 55 million shares.