RN is not "holding back news"
posted on
Apr 24, 2008 05:24AM
There have been a number of posts suggesting that Richard Nemis is "holding back news" because of some kind of coercion by lawyers or because of some complex strategy between all the players at the Ring of Fire. Some news about possible partnerships or partial buyouts or potential stock split, etc., may not be ripe for news, because all the details have not been hammered out and finalized. However, we've had a number of reliable posters all state that in conversations with our president, RN, or with Neil Novak or John Harvey, that they have all, when asked about when assays will be reported, has stated that they are frustrated in this because of the extraordinary long wait, and for still not having yet received the assay results back from the labs. Many have commented on the integrity of RN and he has true to his word in the past. So, I don't think anyone should be alleging that Noront is "holding back news" in terms of releasing assay results, especially in light of the recent drop in the stock price. RN and other management are large shareholders also and it is not in their interest to withhold information that would cause such a ridiculous drop in the price.