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.)

almost 16 years ago

in response to Dutchmen's message

"Why on earth would they sell out to a major at $4 if they could have gotten far more in the end?"

It's because these funds compete for investment dollars on the basis of their quarterly and annual reports. In the face of reduced assets caused by share prices falling so drastically, they are forced to squeeze and apply leverage in any way they can, to prop up their financial reports. These guys are after a quick buck, and that's all there is to it. If they make a profit here, then that frees up capital to go after the next victim. And the people who invest with these guys have a similar mindset.

Compare that strategy to the one of Berkshire Hathaway (Warren Buffett), with timelines in the decades.

Lar