I have read many posts about a buy-out rumours, fears of a low offer, and buyer fatigue.

I did the same thing today as I did last summer when I felt really annoyed at the share price. I bought more for my RRSP account. 15k more shares.

I look at the top intitutional owners of noront. Their averages are higher than the share price today. I feel like a broken record when I again state that our share price is pretty much equal to the buyout of freewest's tiny land positon.

I think about the fact that the last Noront investor presentation indicated an institutional ownership of 59%. Think about the share price averages of this 59%. Look again at the options average price. Look again at where these people came from and the options they had in their former life. I am glad the intitutional ownership is high. These people vote. It's the retail that tend to not vote. Many don't follow the news or even know the real worth of their shares. Many forget they even have shares. It's easier to take over a company when the votes against don't come in due to disinterest or laziness. Why is it we don't have more posters from retail on Agora? Where is the interest to contribute or to be involved. I know many that have bought that ask me "what is new or what's going on". They have no interest to do the work or research in their holdings. How can you expect them to vote ? How can you expect them to make a good decision. Again, I'm happy about the institutional ownership. Many keep bashing ARU. I will again remind everyone that the options were 80 cents and the stock hit around $42 bucks at a high. The same exhausting accumulation pattern happened there. The same institutional high ownership. The company was NOT taken over for pennies above the options price.

If you want to see another aggravating example "noront style", I strongly urge you to look at the historical pricing of RIM in 1998. The final year of cheap shares!

The price fluctuated that year from 1.46 to 83 cents. It hit .83 cents several times with low volume. How could there be so lilttle interest at 83 cents! There was fatigue.

The funds were loaded up and were just waiting. No big buying left and no big selling either. Just regular take downs at low volume. We started out this year at around 2.00 and are sitting here with a price of around 1.21. Similar 1998 RIM antics.

Lots of games played with RIM in 1998 before the launch of the first blackberry in 1999.

I read this in the last NR:

"Recent geophysical interpretation of historical data, which the Company's geoscientists believe accurately maps the untramafic host rocks, extends the highly prospective ultramafic-granodiorite contact to a depth of nearly two kilometers where our deep drilling program is focused. At the same time, the interpretation identified numerous target areas within 200 to 300 metres of Eagle's Nest with excellent potential to host mineralization "

With info in the NR like that how could the cheap-skates not want more for cheap prices. More Rim at 83 cents and more Noront at these ridiculous prices. It was easy to get RIM at 83 cents in the FALL of 1998 because the average retailer was TIRED. Tired of 83 cents. TIRED. Just like here ....very tired. IT's just a matter of time...

They are locked and loaded and "RIM -like" trying to squeeze every last share out. Who could blame them for trying. Look at the deposits, land package and re-read the last NR. Look at the diagram again on the LAST NR. Do you really blame them for trying to pry more for a cheap price?