[He's well aware of the shadow; has been since the moment he arrived. The boy's presence simply isn't a pressing matter. Not when the princess has raised Ganondorf's ire.]

Believe what you will. It does not change the fact that your gods and your king condemned you to live scattered upon tiny points of land in a sea that holds little life, and my people...

[He rises and begins to walk away. As he passes Zelda, he pauses to utter parting words.]

...It seems they were no more, even before I escaped the original seal. [For an instant he seems nothing more than a tired and terribly lonely old man. Then he regains himself and teleports away. The shadow would find him in its own time after all, and he is in no mood to debate with the princess.]