My personal belief is that NOT's takeover of FWR was dead on arrival for a couple of reasons. By demanding that FWR drop thier shareholder protection plan NOT is acknowledging they have no authority to make an offer unless that clause is removed. It does not sound to me like FWR is planning to remove that clause nor am I aware what process would be required from a legal point of view. The second point is if this is an unpermitted bid under the shareholders protection plan I do not believe that FWR is even required to formally respond never mind handing out a list of shareholders to Noront. Noront is either going to have to step up or step out. Anything is possible but I would be very surprised if this bid had any legs in it current form. As a KWG shareholder I do not think it would be in our interest to have NOT as a partner. These are interesting times and I can't wait to see what happens next. Take care all.