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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Re: A "cool it thought"/Rek

Noront Resources

almost 16 years ago

in response to rek's message

Rek

Here is my understanding: (Caveat -I'm not a financial professional).

1. I was referring to hedge fund redemptions, not tax loss selling for stocks.

2.Notice that the Mersch quote said "bulk of redemptions".... not 100%. Think 90+percent.

3. The actual hedge fund redemption dates are in the agreement that the holder has with the hedge fund vendor. These dates can vary by agreement. Typically the "bulk of redemptions" provide for a Oct 31 deadline date for notice to redeem by holder to the fund, with a Nov 15 deadline for the holder to receive the proceeds from the winding down of the holders' position.

My purpose in sending the "cool it" factoid info. was that hedge fund redemptions/selling of funds containing NOT shares would be coming to an end; and hence both a potential NOT sp bottom, and bunch of cash to buy NOT would become available.

Also, these events would nicely coincide with the imminent co-chair NOT briefing.

Hope this helps. Happy to be corrected by others if off base.

Peter