Noront Resources

Undoubtedly, I am missing something with this thread, but I totally fail to see the logic.

I can see logic in someone putting 17 mill into a company, and not caring that in the short term the share price drops.

I can see the logic in someone shorting the stock and forcing the share price down to cover.

I just totally cannot visualize someone spending 17 mill on a stock, then using it as backing to short this same stock and drive it down by 30% and covering. True, at the end of the day, you would pocket a good 30%, but that is only if it worked. In the meantime your 17 mill investement is hanging right out there fully exposed, and there are a miriad of situations that could arise that would hang you out to dry in a heartbeat.

Not likely. More likely, the chinese see this as long term smart investment, and the recent drop can be attributable to market conditions.

best regards

K