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.)
Re: Today
over 15 years ago
10
in response to glorieux's message

I'm not doubting for a second that traders may be taking their profits. I'm more like D12 and holding. Most of us probably are in this class. My take is that Noront is under accumulation. What a better day than today with markets tanking to take the candy from a baby? These buyers run the share up by buying at the ask. Once it reaches their target price, they stop buying. This leads to the price wekening and so we drift back. Now in today's case, we are back near where we started. The game will resume tomorrow or the next day and they will test the market again. Gradually we should move up as they buy their quota. Today we have heard a couple of writers mention prospects of a good rumour of news coming out. These persons seem to trust the source, and since they have been right before, we can put some credence to what is said. We have not had news since Nov. ( I think ) and some should be due. Overdue might be better! So I expect the buying is for good reason. I've taken advantage of this price weakness but it is time for Noront to shine again.

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antlizzie
City
Kenora
Rank
Vice President
Activity Points
4038
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Date Joined
12/21/2007
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Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
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