"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."

(...unless the competing bid is quite a bit higher, then we will have to re-think our options whether it be supporting that bid or firing back with yet a higher bid.)