Payne, first off thanks for the update.
Regarding the following question and answer..
Question..The selling pressure is relentless is there a large institution bailing out, has the institution % of holding's changed over the last year...any explantion !!
Answer.. Not to his knowledge has a large shareholder been bailing out, but it is possible.He does not believe the % of institution holding's have changed over the last year.
I believe it has changed, to what extent however remains a question?
Here is the change in fund ownership since May.
Funds ownership in May =12,268,667
Fund ownership in Jan = 6,258,100
a decrease of 6 million shares.
How many others have sold??????
Noront has the shareholder lists, they know who owns how many shares.
Noront Resources (NOT-X) May 2010
Average Fund Trading Activity:Buy (Based on available data)
|
Fund Trading Activity |
New Buys |
50% |
|
4 |
|
Buy |
0% |
|
0 |
|
Hold |
37.5% |
|
3 |
|
Sell |
12.5% |
|
1 |
|
Closed |
0% |
|
0 |
|
|
Mutual Fund Ownership Summary |
|
# of Shares |
% |
|
Shares Outstanding |
N/A |
- |
Fund Ownership |
12268667 |
- |
Total # of Fund |
8 |
.07 |
|
Analysis
The average rating by Canadian mutual funds (where 1 indicates a new buy and 5 indicates a closed position) has been 2.1; which gives an overall rating of Buy.
Average Fund Trading Activity:Sell
(Based on available data)
===================================================================
Today Jan 20,2011
Fund Trading Activity |
New Buys |
0% |
|
0 |
|
Buy |
0% |
|
0 |
|
Hold |
50% |
|
1 |
|
Sell |
50% |
|
1 |
|
Closed |
0% |
|
0 |
|
|
Mutual Fund Ownership Summary |
|
# of Shares |
% |
|
Shares Outstanding |
N/A |
- |
Fund Ownership |
6258100 |
- |
Total # of Fund |
2 |
.02 |
|
Analysis
The average rating by Canadian mutual funds (where 1 indicates a new buy and 5 indicates a closed position) has been 3.5; which gives an overall rating of Sell.