good luck to those who have decided to take some money out, but my question is why now?. We have just had a run on the visuals posted on DE2, and we're waiting for the assay results. The old logic of buy on rumour sell on fact just doesn't apply in this case. Not only are we waiting on assays for DE2 but we all know that DE3 is coming out shortly and from everything I read and hear these could be the best results yet. Surely now that we're on a bit of a roll we can expect to see the SP play around the 10 in a very short time. So again why take out some $$ at 6.80, but I suppose each of us has to do what we think is right for us.
I'm personally very long on NOT, have been for a few years. My read on what is happening at McFaulds, and this is from over forty years of investing in Juniors, is that we are on the cusp of seeing one of the greatest ore finds ever in Canadian history, make that World history and Noront is at the epicentre. No question the majors will want to buy them out, but at what price. Sure I could have bought and sold all the way from twenty cents and probablyhave made a few thou, but if I've learned something in all those years, it's too hold especially when they've hit something special, and sell only when it appears the peak is close.
Keep in mind a lot of us bought in because of the potential of a find at Windfall and DE was the bonus. It's a really great time to be a holder of NOT, great management team under the leadership of RN , a man of integrity and honesty. This stock can only increase in value and as old Sharewizard said on SH, the buy out when it comes could have between a 60-90% premium.
GLTA NOT longs, maybe when this is all over we can meeet on a beach somewhere and share our stories over a few expensive malts.
