Warning...Rambling and venting
posted on
Sep 30, 2008 04:53PM
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)
Bentonstocks,
The last 2 minutes of trading were highly suspicious, but nothing we don't see most days lately. The last 2 trades, (4800 @ 1.39, and 5200 @ 1.38) actually showed up a good 30 seconds after the market closed. Seems that after having all day to sell at a higher price, someone just had to sell for the low of the day. Criminal in my opinion.......the system is CORRUPT, as the whole world is finding out, the hard way.
Junior112,
Your comments are thoughts shared by many of us, and your frustrations very understandable. Hang in if you can Buddy. Don't let the ba***rds grind you down!
Polyabel,
Like you said, "Dropping the hammer on Noront share price at the end of the day is a tactic that's designed to wear away at investors confidence."......I sincerely feel for those who can't hang on.
Miskealp1,
Your comment, "My personal opinion is that we are being attacked by the other chromite mines that want this to fail to protect their investment".............makes sense to me. Nothing would surprise me considering current events.
Dutch61,
You wrote, "If we are going down tomorrow I'm out!", and "enough is enough".............I do not critisize you whatsoever. We all have to do what we feel is best for our own situation, but I will say that this is what the manipulators are hoping to achieve. Good luck to you.
Fantomas,
Lor posted,
"They basically laughed and said the world is full of chrome, that NOT's chrome discoveries weren't worth mentioning."
and you replied,
"why are there chromite mines around the world mining and processing this stuff when it´s not "worth mentioning", especially if there are active mines with lower grades and probably lower tonnage as well."
..........I agree with your comment, and offer this analogy. Many years ago, while doing DD regarding the purchase of a pizza restaurant franchise, I looked in the local phone book and was discouraged to find there were already lots of pizza stores. No room for more I thought. The savy franchisor pointed out that if there were lots of pizza stores, it meant there was a large market for pizza in London, so all we had to do, is offer a better product/price/service than the competition.......Noront should be able to do that, at least for the North American chrome market.
Babjak1,
Great post. Many insightful comments.
MichaelEr,
I'm with you. We have lost so much from our high, that I am not about to sell to save the little bit that is left. For the record, I have not lost any faith in Noront's eventual success, but who knows how long it will take.
*********************
Shorting,
I have stated many times, (and so have several posters) here and on the old board, how strongly I am against shorting. The fact that it has been banned, albeit temporarliy, (because it can hurt the market) proves my position. It was created for no other purpose than for market professionals to take advantage of average retail investors. The claim that it is a necessary part of the market is pure bull.
Sit down with a group of poker players, and tell them you want to play, but are not going to ante up, or bet, but still want a chance to win the pot. See how far you get with that one!
Still holding with confidence, you say?
Absolutely!
Canseco