When the RCF loan came due in late September, Noront was trading at $0.22. Several one month extentions, along with much negative news coverage due to the location selection of the smelter in the Sault brought the price down to $.14; a huge windfall for RCF as they were able to knock the conversion price down to $0.20 with little push back.
Just like the last conversion price adjustment, the effect seems to now place a ceiling price of $.20 on the stock.....and thus many more interest shares.
Interesting how little coverage of the Sault since the renegociated loan agreements. I suspect we will hear more....when the time is right.