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 irish1111's message

When you see how is on the target list, then you know why there is pressure to keep these stocks down..... Capitulation into this fund will provide the incentive for Ned and gang to move these stocks higher...

Fish eat fish.... Big fish eat a lot of little fish. Ravenden is making a move on the whole jr. market at a nice discount.... The way these stocks are being aguired has no upward impact on the share price as buying in the market would have, provides no cash to the company as a PP would do , but on the other hand is not dilutive.

Once completed there should be support from the fund to move the stocks aquired to higher levels... Thus self fulfilling increase of the funds value.

If anything Neds oportunistic move is a positive signal for the Jr' market for the new year.

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