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: Support Broken

Noront Resources

about 8 years ago

6

in response to rosehill's message

Looks like there was more than one support level broken ...

By my calculation the new dilution was about 40/325 = 12% but stock down over 25%?

I may be way out to lunch with my calculation?

I would like to hear other opinions on why the steep decline in SP?

Again I may be way out to lunch but at 29 or 30 cents this seems like a screaming buy....all else being equal of course?

We were waiting for gov't and FN action before and after this announcement....so other than dilution what is so bad? DA

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