HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: .225

Edgy - in response to your post...

"Some group of people share the same view that I expressed just a few days ago. Tried to give you all a warning."

A coordinated move of 1.2 million shares traded by 10:30am is unlikely to suddenly be a "group sharing the same views as you" emerging from the woodworks at the same time. As previous posts have said before me, this is likely a move to shake out stop losses and buy up as many shares as possible before news. This has happened a number of times already...


"I further think it is advanced end of tax year selling and suspect they will be back in the new year, to buy back at a lower price. My worry is when
If no news persists, which I suspect will be so, then this may persist all the way to end of May selling ( 'sell in May and go away '). Ouch!"

This is absolutely crunch time for Noront - with all of the hints surfacing in the last few months, I am surprised by your pessimism for the short to medium term.

Cheers and goodluck to all,

David

 

 

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