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: Pressure

Pressure

posted on Oct 23, 2008 04:44AM

We feel it with the way the share price has been hammered so imagine the pressure on the 'hedge fund'. These guys are totally upside down in everything they bought and redemptions must be flooding in.

To them taking control of Noront is seen as fast way to recover more than they'd get by selling shares on the open market.

There is of course a danger as it looks like they will not prevail and be locked out. I'd look for some selling then although not a massive dump because they'll want as much as they can get. Might take a good while but love to see Rousseau's shares move over into the hands of Retail long holders.

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