JJ is meeting Wes in Vancouver on Monday morning. They will be visiting brokers and marketing Noront all week this way. On Tuesday they will be in Calgary, on Wednesday in Winnipeg, Thursday in Toronto and Friday in Montreal. So lots of meetings with lots of brokers right accross the country.
In Toronto, Wes has already met with over 40 investment houses. I do not know how many they are meeting during this upcoming week.
Obviously not every house they meet decides to invest for whatever reason but we have had very strong institutional support in the last 2 months and this is no accident. This next round of meetings may yield only one or 2 excited houses who jump on board. However consider that Penson, since September 3, has accumulated 791, 775 net shares at a cost of 1.781M dollars. They are the biggest net buyer since that date. Anonymous is next (with 365 700 shares) which I like to see.
What I like the most is we went from 1.98 to 2.46, a gain of 24% in share price with only 3.69M shares trading hands. That tells me that even retail/traders are no longer interested in selling their shares at this price until our next NR. That is a very good sign. Any new broker that wants to accumulate a position, will be driving our price higher.
Glorieux