I went into Sedar just now and looked at Baffinland. They had a similiarly worded Bridgeloan with RCF ...written up the same way with quarterly interest payments PAID Quarterly.

So,, IN the case of Noront...quarterly interest is based on Calendar year charges?? end of March, end of June , end of Sept. end of Dec.????

So RCF's bridge load is dated July 31, 2009...so with the wierd calendar interest payments ...the first payment should be end of Sept...Right? Based on the average weighted share price 20 days prior ...so based on the share price of sept. 10 right??

No..

IN the case of Baffinland ...quarterly meant...You initiate July31...1st quarter is 3 months later..end of Oct. ....sure enough ...end of Oct. it was...right on Sedar.

Different rules for RCF's cough cough interest date.

Something's up about May 2...guys...

I think based on the unconventionaly " early" interest payment date....I think we might have been given another hint.