Agoracom: Small Cap Investment - Noront Resources - Re: The smart ones?

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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MISFIT1

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Re: The smart ones? - Miskealp

posted on Sep 10, 2008 02:12PM

Everyone on this board is a smart one. Everyone who took a chance to own a piece of Canadian history on two different properties, regardless of when they bought in, will be rewarded in the future.

I have a colleague who bought Noront at an average of .87 cents in December 2007. This was after Windfall broke. He felt pretty stupid for the following 8 months but always believed. Not a false hope but a belief in the DD he and our group had put into Noront. Even when this thing hit .36 cents later in the year he was buying more to average down and increase his position. The low share price was not his concern. Not buying at a low price was.

Investing in Noront long term is a smart decision. Luck is the difference between having bought in at $2 as opposed to $7. This is not a hype play. Not even close to a pump and dump. All of the things we have learned over the past 12 months and longer are still true. The best part yet is that the next chapter has been delayed and has yet to come out. Both at McFaulds and Windfall.

I have been around Noront long enough to know that price swings are par for the course. It is not a good stock to hold a margin position on. But it is a good stock to hold. Keep a core share, take profits on a percentage of your holdings from time to time and pray for luck. Hindsight will always be 20-20 with Noront share prices.

Who are the dumb ones then? Those who buy into the bashing on other sites. Those who second guess their investment based on S.P. in this market. Those who borrowed on the margin and who got the call today. And those the shorters without power (the ones who follow the hedge funds) who are the last to know when the shorter burn will begin.

I have seen $7 stocks go to .12 cents in the last two years (EVCC). $4 stocks go to 3.5 cents (TAH). Those who held till the end lost because of three things - hype - a bad business model and bad corporate decision making.

Noront is far from being hyped, has some excellent plans for the future, and has made many good decisions the last 12 months.

The sale is on this week. I recommend a buy at any price regardless of how low this may still go (not hoping it does but then again I never thought we would drop below $2).