Perhaps too early to state for certain but it does look like Friday's release has increased the confidence of Noront investors. Fewer shares on offer and at higher pricing. Not an unexpected reaction.

The fence sitters are still on the fence however as they are still either looking for more bargains (most of us feel this is unlikely now) or some news to confirm size/content of both DE1 and DE2. The news Friday just wasn't as much a 'buy' indication as it was a 'hold' one.

At the start of this week it finally feels more likely to see sharp share price rise instead of that slow (or not so slow) errosion we had to go through.