While trying to make some sense of all things Noront I kept going back

to year 2008. After having participated in fair sized PP @ $4.00,

three Hedge Funds and couple of well connected individuals then became

victims of their qwn greed IMO by exercising $ 5.00 Warrants prematurely.

Did the pronouncement: The Eagle Two has landed do them in?

It may well have.Blue sky mentality might of helped too.

Since, according to their Proxy, they were still in as of early fall of 2008,

just before a very brief proxy battle with R.N. ( unless they perpetrated a

monumental fraud ) they all sported substantial losses IMO with Noront

changing hands @ 80 cents on TSXV by then. Subsequently there were only

couple of chances to recoup those losses, one after a good hole reported

in 2009 and one in Nov/2011 with first involvement of RCF.

It is quite possible that RCF picked up the pieces of what was left of the

big five players.

Weather Irwin Warren's Rousseau Fund is still in the building, as was

suggested on this Forum, I can NOT say but remember reading somewere

that it ( Fund) lost more than one half of it's value in 2008.

You be the judge.

Might be an eye opening to look at long term chart of PNP. In early 2008 it

traded at around $ 5.00 only to end up @ $ 1.00 late in 2008.

Do I need say more?

Sincere good luck to all ROF/Noront longs.

Fossil