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: Trading explanation - hoov / No NOT-JV NR

Lar, you say that there is no need to issue a NR for explanation of unusual trading activities.

So why did Acadian Mining (ADA.V) have to issue such a release on request of Market Surveillance two days ago ?

http://finance.yahoo.com/news/Acadia...

Ok, there gain on that day was over 100% on just over 5M shares traded (average 326.669 per day) with no news !

So is there a limit on a daily gain that triggers Market Surveillance ? Because surely it can´t be volume, because that should have been the trigger in Noront´s case.

And when you say that Noront would have been contacted, why wouldn´t they release something similar along the lines of ADA´s NR ?

Speaking of not issuing NR´s :

why did Noront not issue a NR on the JV drilling with WPR/GZZ as the two other partners did yesterday ?

Especially if I hear that JJ from IR relates to that NR for Noront´s unusual trading activity after being questioned by one of our board members ?

To be honest, I think that´s very strange !

FANTOMAS




May 18, 2009 07:03AM
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