Good Response Fantomas. Noront has the goods and we are all frustrated because we want to quit our jobs tomorrow and head south for the rest of the long Canadian winter. Some of the old time longs have been averaging down for years and holding out for the dream.
It is intimidating to hold on when other company's rocket and we can't see the sparkle in the muskeg any more for their dust and smoke.
I for one am stuck with an average cost > 3x today's price in some accounts and way too much pride to sell at this kind of loss, so I have surrendered to waiting ...
and waiting.
My point is that the volume today was insignificant and does not indicate anything more than a couple of dozen day traders moving on to another rocket stock. I have not watched closely but my feeling is that the volume has been weak every day so far this year. Everyone else is waiting just like me and holding out for the yacht in the Carribean. Those that are exiting at $1.80 are just doing it to piss me off because my stink bid at $1.86 was filled yesterday.
The retained value at Windfall makes sense if we get to see it in our share price some day. The episode with FWR makes sense if we see get the rock to market faster with CLF's cards face up on the table. Everything makes sense if you have the patience of Crazydick and the life span of Lazarus Long.
I digress
Chins up folks.
We will see our days in the sun ... in this lifetime ... I think