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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Question:

What would be the advantage to keeping Not's SP down, if any?

Lance

Answer:

NOT's share price is based on demand and supply, Bid and Ask. A seller's market if bought at the Ask, a buyer's market if sold at the Bid. When there are more buyers than sellers, the price goes up; when there are more sellers than buyers, the price goes down. Dumping shares to drive the price down makes little sense, that's giving away money, unless you are successful in picking up more at a lower price.

Today, the NOT market is waiting for news, and does not know which way to play. Volume is just 675,000 shares, no momentum. FWR seems to anticipate some positive developments, it is trading at a premium to the offer, with volume around 1,940,000 shares (close to the average)

There is nothing sinister going on.

Deke

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