Activity in the markets Friday
posted on
Dec 06, 2007 04:50PM
Discuss the various junior resource companies within the McFaulds Lake Area
There is not likely going to be any substantial news until mid next week when Noront reports on some drill cores and just maybe more jv's. While we'd love to see a peak at Aerial Survey results that probably won't happen for a wee bit longer.
A lot is resting on Noront's shoulders since their drill results will set the tone for the McFauld Lake players. Assays are so backed up that everyone is getting nervous.
I'd expect some volotility tomorrow on the upside but needs heavier trading to get NOT over $5 and will need very good assay on one or more holes to keep it there. It's hard to see fair assay results damaging the current low price as it will still indicate more potential tonage even if not spectacular.
Release of Aerial survey should help all juniors more than Noront. My feeling is it's safe to hold Noront shares through the next Month as it slowly gains back value but maybe no more risk and bigger payoff from adding more of the other Area juniors to one's holding.
Personally my plan is to buy more Pinetree who own a whack of shares in most of the junior players, as well as Noront, and has been sold down along with Noront. *If you're luicky it can be a nice day trade since it seems to lag behind Noront when Noront shares trade higher and then catch up 10 minutes later. Nice in/out if you catch the movement.