Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Tough buying today

Noront Resources

over 16 years ago

Here is hoping that today is the calm before the upwards Storm of Noront share price back way over $6. It was painful buying today and even on the bid it takes forever to pickup 5K shares. That bodes well for the share price as current holders on the whole just aren't interested in selling at current levels. Why should they?

My feeling is that most of the buying today is from long time holders just finding whatever extra cash they can to gain a bit more leverage and gain from the coming drill and assay results. Downside might be there but if it is there it has to be temporary.

I'm close to being out of powder but maybe one more shot this afternoon, even at higher prices since that's the way we're slowly headed.