Noront Resources (TSX: V.NOT, Bullboards)

 From StockHouse Editorials.

After a big move from 4.30 to 5.55 as last month closed, NOT dropped to $5.16 at the end of the week.

The company’s shares have probably been helped over the medium term by a sharp drop in shares sold short

which hit almost 2.6 million in mid-September and fell to 877,000 in mid-November.

Early in November, NOT announced progress in its diamond drilling and geophysical programs, which may

have helped drive some shorts out of the shares.

With some progress in hand, the company now appears to be putting itself up for sale.

Last week NOT hired J.P. Morgan Securities Inc., to assist the company in evaluating strategic alternatives

to maximize shareholder value. The company may not be independent for long