Two interesting points.......The fat lady may not be singing but she is warming up her vocal cords

1) Offer not nailed down......"Together with Wyloo Metals, holders of 45.7% of Noront’s common shares on a fully diluted basis are supportive of the Wyloo Offer." Noront BOD had a fiduciary responsibility to accept and support the superior offer.  Now Wyloo can contact shareholders directly to elicit shares. Assume shares already provided by shareholders of the BHP offer are/will be released.

2) BHP has 5 days to respond..... "Wyloo Metals does not intend to support any alternate offers for Noront. Without the support of Wyloo Metals’ 37.2% direct interest in Noront, a competing plan of arrangement cannot be successful and a competing take-over bid will be unlikely to meet any minimum tender condition."  This has been Wyloo's position since day one of the BHP offer.  Nothing new here.

A question I have had since this all started.  With foreign ownership of the ROF, does this require Federal government review and approval.  Can't remember whether Cliffs needed to but don't believe so.  If Wyloo does win, does the fact that they were already a substantive holder of Noront prior to the takeover and plan to keep it a Canadian company mean a review is not required.

Suggest that in 5 days(or sooner) all will be revealed....or continued.