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.)

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Re: so...Fossil & MD

Noront Resources

over 9 years ago

in response to MarlboroDog's message

You both could be correct.
My reply is why now?
If it is due to tax loss selling then much of that selling would have been done in December and reinvested then or shortly into January.
Similar to KWG investors, most would have invested then and elsewhere instead of sitting with dead cash in accounts.

I am still convinced that there was an incling of the federal and Ontario governments coming to terms and that was the main reason for this move.
May I add that if it was for the other reasons then the influence would not be concentrated onto end of January and would not be so influential on share price but much more gradual.

I for one, stand pat in my conviction. Cheers to good fortune for all of what ever conviction, Ed.