The following is just in my humble opinion, in the last ten months Noront went through some difficult times, winter.... FN discontent, spring.... market volatility, summer.... drilling problems, in the end this led to some noticable changes. One of the changes was people leaving from management and one of the BOD members is gone. But for me the issue I noticed most was the discontent with some of the institutions. Genuity led by Dundee stabbing us with a lower assessed value. All this leds me to believe that there was a power struggle from within the controlling interests. This has all led to why and where Noront and its share price sits today. To me it looks like the institutions have now worked out their differences and are ready to move forward. Dundee and friends with this PP are ready for what comes next. It was a quickly done PP for the institutions as to capture the news that must be coming. We as share holders now truly have enough funds ( 28million) to carry us through till spring and if the market tanks we will not have to go back to it for awhile. I am with K and decided not to participate in this possible sell down in the market because I am not convinced that there will be one that would work for me. I will have to just wait and see if I called it right, in the end it matters not because if Dundee and friends are back with us I feel I will do ok. So here I sit to see if I got this right.....paliman