I reprint this from the FWR forum. I am obiviously not in agreement with Al but he does have a following and his post can affect how things go in the short term. I still see us treading water or climbing till the end of next week even without news. I believe shareholders realize this is a bargain right now and will give RN 2 weeks of grace to present us with significant news. I hope I am right and Al is wrong but lets see what the 2 weeks bring.

Glorieux

3667 - Monday morning thoughts

Good morning. Overseas markets are all up this morning as financial stocks appear stronger. The market sentiment is the worst may now be behind us from the credit fiasco in the US. Some multi billion dollar take over deals are also causing a stir in the equity markets. Nothing on the economic calendar today but the US futures are pointing to a slightly higher opening. With record prices for oil and an upward spike in the price of gold it should be a good start to the week on the Canadian markets also.

Back in McFaulds Lake the best thing investors can say about last week is, its behind us. Without news I can't see any reason why this week will be any better for NOT than last week. At some point NOT will find it's bottom, possibly the sell off on Friday was just that, bottom. However NOT is going to need some sort of fuel to get the fire started again. What a corner Nemis has himself and his shareholders backed into currently. No assays for months at a time and then the report of irregularities on the ones they are getting. Sounds like a company in trouble for the most part. The stat's aren't lining up with the hype. I can see no possible way to put a positive spin on Friday's news release other than it created a possible buying opportunity. When NOT does get its next batch of assays they best be knock your socks off ones, or this stock will sell off and hard. Is the NOT promo machine dead? In the past, Nemis would of delivered some visuals to keep the faithful happy. Is NOT missing with the drill bit on the proximity anomolies? This is a classic example of what happens when you turn off the hype from a promo machine.

FNC finally delivered an investor update on Friday as promised. Once again Peter Smith had few words and basically kept to the script. He said nothing. The time line to announce a drill program for the end of April was once again missed. Now we are headed for mid June. I have no reason to believe the June time line will be met either. It's just one excuse after another with Peter Smith. I see nothing but dead money by being invested in this stock until a date is written in stone for drilling. FNC's share price deserves the spanking it has been getting. JMHO

FWR/SPQ need to deliver some news this week to get their share prices back in favour with investors. They have done nothing wrong but are suffering the wrath from the bigger players share price problems. Good assays will bring the investors back in these plays, of that you can be assured.

What we have in McFaulds Lake is a broken down promo machine. It now needs some damage control to get itself righted. If Nemis can get this ship back on course this week he just might deserve that pedestal so many investors have put him on.


Best of luck to all McFaulds Lake investors.


Al