Noront Resources Ltd. NOSOF

Mixed feelings

[halfcentman]

The more I reflex on what I've read in Noront's circular, the more cynical I am of the whole affair. I'm left with the impression that BHP/Noront are my white knights fending off the the evils that dealings with Wyloo will surely bring. I am being advised that if I don't support the offer, I will be releaved of my shares by a court order should BHP be successful. Noront signs deals with penalties clauses that potentially will bankrupt the company. $600k to Stifel for three weeks of work. I don't know what to make of the term: "from a financial point of view". Well what other views are there Noront? Give me the best case view! Wyloo has done me no harm. They brought an end to years of quarterly interest payments. They were first to make an offer. Yes, BHP's offer of 55 cents is better than Wyloo's 31 and thank you to both, but many believe that 55 cents is not fair....from a financial point of view. If I was to pick who is winning this race, I would side with Wyloo. Converting the debt has put them in the driver's seat. I just can't see BHP getting 60% of the shares with a 55 cents offer. I would have expected a higher volume of shares being traded as well. I'd love to know who's buying these shares at 60 cents. To be quite frank, I don't think I've been told the whole story. The governments and Mattawa have been way too quiet.