Crazytrade, I am not seeing a sell off. I am seeing cheap accumulation by folks like Beacon Securities...and others

Last Friday, there was this announcement.

https://www.thestar.com/halifax/2019/02/08/halifax-irving-shipbuilding-workers-applaud-60b-design-contract-awarded-to-lockheed-martin-for-warship-fleet.html

This announcement is absolutely HUGE.  HUGE HUGE HUGE.

Irving used Essar Steel algoma's steel in the past for projects.

look at this previous project in 2015 for the arctic off shore  patrol ships:

https://www.sootoday.com/local-news/essar-to-benefit-from-massive-shipbuilding-contract-updated-photo-178322

The War ships need high percent chromium steel (HY80, Hy100, and stainless steel too)

here's an article from last year:

https://www.defensenews.com/naval/2018/10/29/with-russia-in-its-cross-hairs-canada-moves-to-buy-a-sub-hunter/

And here is a post I did last November on this subject.

https://agoracom.com/ir/Noront/forums/discussion/topics/719370-warships-part-2/messages/2214096

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The Arcelor team has one more week to wait for a final decision for Essar Steel  in India

Decision has been  extended to Feb. 19, 2019

https://www.businesstoday.in/top-story/nclat-extends-deadline-nclt-ahmedabad-essar-steel-insolvency-case-feb-19/story/318508.html

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Irving is supposed to start building the ships in early 2020's, enough time to get the chromium out of the ground and use it for this project.

Essar Algoma will want this chromium. Will ARcelormittal also end up with Essar Algoma?

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Keep in mind the location of Beacon Securities: HALIFAX NOVA SCOTIA

and IRVING SHIP BUILDERS ARE LOCATED in HALIFAX NOVA SCOTIA.

Do you really think this is a co-incidence?

Some of today's action below looks like transfer from Beacon to the "client"

House 087 is beacon securities

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from the past:

June 18 2018

beginning coverage of NOT

Noront Resources (TSXV:NOT) Beacon Securities begins coverage with a "buy" rating and a price target of $0.90, which implies 143% upside, saying... "The world class Eagles Nest Ni-Cu-PGE deposit will be the company's first mine...and should be one of the lowest net cash cost nickel producers in the world. The new Ontario Premier has stated the Ring of Fire is his top priority and the government has committed $1 billion for an all season road to the Ring of Fire. Beyond Eagles Nest, Noronts crown jewels are its gigantic, world class chromite deposits. With resources that could support a 100 year mine life, a billion dollar smelter and make Noront one of the lowest cost producers of ferrochrome globally an essential ingredient in stainless steel".

July 5, 2018

At 10:16am today at .35 cents

582,500 shares.....a cross trade from house 87 (Beacon Securities)

They are the ones that initiated coverage recently on Noront.