I've stayed away from this forum for quite a time due to family commitments, but couldn't resist making a comment on this fiasco. If you've been around the TSE for the past fifty odd years then this is a fairly typical promoter play. How many bought in when they saw the early upward momentum thinking that we were finally on the move. But more importantly how many started to sell knowing that this particular play was a dog and pony show.
The reality of Noront is that nothing major will play out with this stock until the Province and the Feds get their act together, and given the budget deficit that both these governments face the ROF is probably pretty low on their radar For them the reality is that the ore is still in the ground, will always be there and at some point they will determine that they want to get the infrastructure done. There really is no appetite out there for nickel or chromium mining stocks and this isn't about to change soon.
Thats not to say that Noront isn't a viable play , but not in the near to short term.I think we will see Noront languish in the 20-40 cent range for a while and for some of us we will continue to accumulate, but only small $$'hoping that in the future it may payoff.
For those of us that think there is still $$ to be made in this market then possibly graphene may be the play.
GLTA
Joe
