The spring of 2009, there was no news, NOT plunges to around 65 to 75 cents. June 29, we get news of Hole 49, June 30 there are 3.6 million options granted to insiders at 62 cents. Sweet. Nothing happens to share price for a week. Then, boom, share price climbs on no further news to $2.50, Noront has to issue a release saying they don't know why the sharp increase. Yeah right. Once it hits $2.50, bang, $20 million flowthrough financing at $2.80. Stock retreats to 55% of the financed value, stays there for most of the FWR/Cliffs fiasco. Dec 8, we announce a stellar hole with 4.4% nickel, 28gpt pt. Wicked!!! Share price hits the magic $2.50 again and bang, $6.7 million flowthrough financing at $2.75. Stock retreats to 55% which was approx. $1.50. Drifted around until big announcement of a new 43-101. Not much impact on the share price this time, but bang, out of nowhere comes a flow thruogh financing of $13.9 million at $1.83. We are not down to the 55% of that yet but came close. Maybe retail just can't afford to give it up this time. However, now is about the right time to issue another few million stock options at a buck or so, have a couple of stellar releases, drive the price back to $2.50, have a refinancing and start all over again. Its all about cycles, and you have to know that when your ass gets sore its time to get off. I can feel a real pain coming on at $2.50.
