Recently, someone posted comments re: the 750,000 shares Noront gave to Algoma as part of the 5 year option to lease the property for the smelter...asking if they would return the shares if the deal doesn't go through.
Also, there has been much talk about the about 450,000 shares given to the FN as part of the deal to work together.
What isn't talked about alot is the interest shares. Just this last quarter, for three months of interest on the $20 million loan, Noront has had to issue about 1,650,000 shares....and that was based on an average price of about $.24.
It's now looking like the interest shares will increase for this quarter, as the stock price can't even get above $.24, in spite of all the recent coverage.
I suggest the FN should leverage their terms in line with shares issued to RCF. Maybe that would motivate those involved to change something....cause at the end of the day, everybody but RCF's position is getting diluted, including the FN.