My comment does not mean much because I am not a high roller in the markets but I do have a tiny bit of Noront shares that I bought at $2.82. Am I unhappy with those. Well No, I know enough about this stock to be comfortable with these.

Would a fund be happy? I would say not likely because they may not have the full benefit ( to $1.68) of the tax write off. Therefore I expect the same investors not to partake next time at 2.80 until something drastic changes the present price. I also suspect that many have sold to take smaller profits now then have the patience to wait for larger later.

I expect next need for funding to be late summer or early fall. They will not wait until the kitty is empty. Should we discover great drill results in the mean time that would propel the share price, then I would expect next PP earlier.

Note that there are recommendations out there to buy this stock at over 3$. So the fundamentals of this company are believed and there is hope and opportunity for things to look better.

Part of my content with this stock is that below those few bought at $2.82, my volume starts at $2.29 and below. However my average is slightly above 2$ so I am not all smiles at present. I suspect we will close today at $1.97 and am looking at an opportunity to buy a few at a slightly lower price than this.

What I smile about are the near term prospects ( $2.50+?) and expectations ( $4+ this year ) for the more distant future.

Ed.