HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: What to do?

Jul 08, 2008 07:28AM

We by not selling are doing all we can. Today we appear to be seeing both very few buyers of resource company stocks combined with a few holders that just want out as they can't take any more pain.

Fortunately there are, so far, few sellers and the price sure doesn't motivate anyone to sell.

It's the way the market works, you need buyers to support share price and we just aren't seeing them come into Noront lately. I've a feeling a lot of the shares offered are going to investors taking the opportunity to add to position and average down cost of entry.

Noront Management can't do much when this much pressure is on the share price. All they can do is release favourable news as soon as they get it and push to clarify exactly how exciting and valuable the ROF is.

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