Re: Addendum to last post - Milsey Rundal &Sum
posted on
Mar 29, 2008 08:41AM
The near future is very difficult to sort out for sure.
As Rundal pointed out vis the comments made by some market watcher, March 31 is the End of Q1, Volumes on Exchanges are rather low lately on a relatively decent week given the current financial environment. The first quarter is looking not too bad for many Big Funds. The question then is: Will there be a final leg down before the new Bull Market commences. A technical thing long considered by TA types with respect to Market Cycles. April 10 is but 8 trading days into Q2. So, will the expected final Leg Down on the Bear Market play its self out in eight trading days or will it run a few more days. What I do know is that there have been many Wall Street Back Room Advisers and Been Counter types preparing for this very type of event for at least a year now.
Now, looking back to the PP News Release on Feb.07, 2008, I note how specific ALL the wording is and also noted the inclusion of the third party contracting of a market outlook for Noront Resources.
Given this I expect we will have to see how things in the Major Markets work out and also how the RoF Addendum to the KWG/SPQ Original Agreement is finalized and actually made public.
The prime consideration I now keep thinking of is this:
Does Noront Resources want further share dilution now, given that they have way more cash in hand than they need for two years or more of current activity on ALL their Projects/Property Groups?
The single matter we do know is that the Warrants will be History very soon, one way or the other, and no longer can act as an insurance policy for SP manipulation.
Old Joe