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.)

over 14 years ago

in response to BurningRoF's message

This is a repost of a post I made on the KXL board awhile back when someone asked about the timely release of results. Hope it helps.

cheers

killick (Long on NOT)

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At the PDAC last year I asked 15 junior mining reps at their booths the question regarding releasing of material information. Without any notable exceptions their response can be summed up as follows. Material information is supposed to be released in a timely manner. However, there is considerable leeway given as long as the information is not impacting on the shareprice either negatively or positively.

Many companies try to time the releasing of their results to be as advantagous as possible. For example, NOT released a flurry of news releases leading up to climax of the takeover bid for FWR. The stock exchanges in Canada are so loosely regulated and poorly policed that there is no limit to the number of reasons a company can use to justify the timing of their news releases.

cheers

killick