Re: PP financing reason - Notie Girl
posted on
Mar 04, 2008 06:51AM
Had to log in to respond to this post of yours respecting Bs NN stuff.
If you have ever watched that on there you would treat what is said with a GRAIN of SALT.
Any company that has ever come up with even close to half of what Noront Resources has in either Windfall Lake or in the "Ring of Fire" have always had money thrown at them. More so in uncertain economic times. The front people for the massive wads of cash sitting around looking for the next "Best Thing" always say "MORONIC" things because such things sound so profound and most people never look back 3-6 months to check out as to how accurate the Moronic statements back then turned out to actually be.
With that said, many explorers will have increased challenges raising cash, if they have only somewhat interesting but not really promising prospects, because the 'big wads of cash' holders will not provide the needed cash to stay in business. In these uncertain times all other investors will, if not having been hurt by Major Market events, not be so willing to give the 'also explored' companies much if any of their surviving investment cash. Thus, many will be massively diluted or shut down completely.
NOT the better prospects and most definitely NOT Noront Resources. The expectations of at least several 'big wads of cash' a year ago with respect to Mc Fauld's Lake area explorers have turned out to be completely 'WRONG' and now they are fighting every which way they can to get the chunk of the play they purposely turned their noses up on back then. To bad for them! I say "PAY the PRICE" now that you want back in.
So, do not be fooled by blanket statements that are but half true if applied to part of a situation where Noront Resources is no where near remotely part of the situation being referred to by the 'talking head'. Irrational rationalizing is a trait of a good 'talking head' and of all Morons.
Old Joe