Well I have heard a little something myself. Enough for me to regain my interest in the near term news. Now is the time ofr a good play.
If I am not correct fat boy wes has stated that this is the year for Noront, There must be reason for his optimism.
I am expecting winter drill results anytime now and if Wes's expression are correct then we can expect they hit something good this winter. Assays are due .
The timing would be great now, just prior to summer starting.
As far as the chart is saying we are bouncing off the low pivot at .82 or so. .88 is target that will likely stall out at. unless there is something to this rumor then we might see some more energy in the sp. If sp stalls at the .88 I would not worry but use that target as a touch stone. If news is coming and we all of a sudden break above .88, think of that as a precursor to news. Looking at the rsi I would be leaning toward a idea that stock price is in the beginings of showing some new found strength. My tricked out cci says the rally wea re in will end at .87 but as I said news expectation , rumor specualtion can drive it above, and if sp goes above .87 in my opinion it is a confirmation that good news is coming that will drive some life back into Noront...
On the weekly chart in my opinion I would say it has based long enough and has the foundation for a significant move upward
This is just my opinion though...coswil
