The term of the Wyloo Loan will be 12 months from completion of the Wyloo transaction, with interest of 5% per annum payable quarterly in either cash or common shares of Noront, at the option of Noront and subject to receiving shareholder approval for the payment of interest in common shares of Noront, and subject to the approval of the TSXV Venture Exchange.

That's rich...From loan to ream the company with another...Hardly what I call a step up..More like, "Trust me. I've got everything under control...I think. Should be just like Fortescue...Unless it's NOT"..So...Let's see....Put in your New Noront BOD, which you hand picked yourself, and then just have shareholders accept the company supporting a new loan that directly benefits the grip Wyloo and Forrest have on the company as it is allowed to procrastinate once again....Thanks. BUT...Been there and bought the expensive T-shirt.

You can do better than that, Forrest. What assurrances are shareholders to receive in such a deal that could just as easily follow the same lolly gagging our "Old Noront BOD" coasted on. For one, any performance bonuses should be implemented based on tangible progress. You haven't exactly promised anything to shareholders here Wyloo, only more lip service. If we are being asked to trust a "New Noront BOD" and hope they succeed, then why is it that shareholders are seeing the company going right back to the RCF days. Isn't that how you got your 37.5% stake in Noront in the first place. Now...You want us to revisit that...You gotta be kidding...Unless there is some sort of magical road announcement coming, a First Nations deal established during your so called, "Due Diligence", or stellar drill results that are to appear following acceptance of your offer...NOT a chance.

Why is that everyone whose bidding so far wants something for nothing from shareholders....Money, Trust, and Cooperation... All this talk of "Shareholder Best Interests" is crap. Shareholders want to know they are being respected, and that their investments are secure and not wasted. I have yet to see an offer that makes me feel comfortable to even think about who has the better offer. Because so far I am not impressed and will not be until I see shareholders being respected. For now, all I see is more risk, and two companies that clearly have their own best interests in mind.

TM.