It's wonderful to see this end of year move for Noront. It never should have been at the lows we saw but..nice to see some recovery. RCF will take their final interest shares in Jan 2014 based on the 20day avg in Dec.

So, what's coming up early in the New Year? I am wondering about something in the RCF loan facility. We know eyes are on Noront..as they should be. Will those eyeing Noront allow RCF to take another 33+ million shares at a low price of .45cents??

"The Facility is a one year bridge loan (the "Bridge Loan") which matures on February 25th, 2014 and automatically rolls into a convertible loan (the "Convertible Loan") with a maturity date of December 31, 2015, if the Facility is not repaid prior to the Bridge Loan maturity date

The Convertible Loan may be converted into common shares of the Company at the option of RCF at a price of $0.45 cents per share at any time subsequent to the Bridge Loan maturity date and prior to December 31, 2015 ."

The time frame from now until Feb.25, 2014 will be ..interesting. We know darn well Noront has an incredible hunk of deposits with only 7% explored in a geographically friendly country..and the gov't wants to help with infrastructure....what's not to salivate about??

If someone other than RCF was to offer financing to Noront by way of some sort of partnership...they may not like the idea of another 33+ million shares going to RCF for cheap.

I may be way off...but I keep wondering what Mick Davis, X2 is up to. I keep thinking about the 1.1 billion and the fact he stated there are some CANADIAN banks that want in.

Mick has been sitting on this money and no announcements so far. What's he doing with it?

Where is it going??

Suddenly I see something interesting. The PDF below is a Calender for 2013-2014. When you open it up you will see that Feb. 24, 2014....is marked as "Business Breakfast with Mick Davis, X2."

So why Feb. 24, 2014...the day before the final date of the RCF loan date.

What's Mick going to talk about?? Is this Business Breakfast a clue that prior to this ..he'll have announced what he's gotten into?? If not...what's he going to talk about..."ya, I've raised 1.1 billion and I want to do someting with it."

Open the link below which shows you the calender and pay attention to Feb. 24, 2014

http://origin.library.constantcontact.com/download/get/file/1105007507382-730/AHA60+Calendar+2013.pdf

then re-read the low deal between RCF and Noront.

http://www.marketwired.com/press-release/noront-closes-us150-million-loan-facility-with-resource-capital-fund-v-tsx-venture-not-1761644.htm

This could all be one coincidence but the timing is interesting. So quiet with Mick, X2 since he raised the money and suddenly Feb.24..time to talk about "something" over Breakfast.