Back from a little trip and the sp is at $2.70. WOW, crazy market! After reading some of the posts in the past days, I really feel doubt and fear all over the place. Just look how many thumb-ups for Jamdaman. Man! I really should have created a Fear Index to track fear levels. It must be at the highest YTD. (I reported the rymac69 ID to be deleted because its posts were nothing but spreading doubt and fear.)
It's nice to see Canseco, d12, Rosedale, bravekind etc. to come out to rescue people during this crisis. I believe they are not only protecting their own investment, but also trying to prevent people from losing money by selling at this rediculous level. If you INVEST in a company, you need to focus on company fundementals, not on share price, unless you just want to make money from swings. If you regret you didn't sell at $7, $6, $5, $4, $3... that's your own problem. Don't blame the company.
Guys! I know you are fed up hearing the word "manipulation". But you need to listen carefully - If you can't stand the heat mentally or physically, please sell and walk away. If you don't want to sell, please stop whining as you are the only one who can protect your own money. Noront will not spend money on buying back shares nor issue a statement saying DE3 will be landing in 4 weeks. MMs will unlikely rescue you either as I'm sure they'd love the free lunch the market has provided and consume NOT quietly without having you informed.
In terms of Noront fundementals personally I like the approach of the recent hire. As most of longs know that it's not easy for Noront to come this far and it becomes too big to handle for the old management team. If they don't solve this long-term pain they'll break some day. I believe once all the new hires become familiar with their duties, they'll show us their strength. Noront is on the right track.
It's useless to predict bottom any more. Buy as much as you can afford. If you are causious, place your order at $2.50 (I really doubt it'll get filled though). I still believe NOT under $3.30 is a steal.
Now I need to get some cash from my bankers.
Good luck!