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: SP

Re: SP

in response to by
posted on Aug 12, 2009 12:32AM

An additional $5-million of flow-thru at $2.80 per share is leaving us with a problem. In my understanding, a total of $22-million has been filled and the remaining $3-million PP will take time to have it filled unless existing or new Securities are committed to it. Repricing is not an option. I don't think Noront will release drilling updates on Eagle 1 till PP is complete. PP has already met its purpose and Noront has no reason to be in hurry to be supportive of the remaining $3-million PP. Till then, some institutions will be accumulating shares (like Wellington & Bolder today) and some will actively down play (Nesbitt, Cannacord, TD SEC, etc.) as usual. My concern is a low trading volume which gives a turf for MM manipulators.

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