Three times now in a row NOT comes out with some positve news and the stock goes down regardless. It's all in the presentation....which they have down to a science now.
First, we get the triple wammy news ...back around Dec 10/09....long awaited 43-101 on the chrome...updates and all....something shareholders had been waiting on for some time. However, there was this little matter with the wording....can't remember off hand...something about 10 years of chrome or 15 years or something (like that really matters).....regardless; rather than a simple correction, we get a HALT. Ok, so that was the start of....what I will refer to as the campaign (carefully crafted)
Next, we get a PP for a couple million shares and some....for like $2.80 or something like that. Wow, someone is sure confident (I think we were around $2.20 at the time). But wait....look at how this news is worded....seems like they were imposing some kind of penalty to some UNNAMED party. Calls were made for clarification....NO COMMENT. (maybe we should have asked about blockades; I'm sure they have much to comment on that, their favorite subject). Anyways, my point being...we do this PP at about $2.80 when the stock is around $2.20....and the stock goes down.
Now, the third round of news. Update on drill results....laced with negativity due to the blockade....which was already announced on Friday (by I guess they felt we shareholders are deserving of clarification)....ok, so good news...and this genuity report; gives nothing additional to their target...but still a buy (but they are selling)...with a $3.50 target (but they are selling at $1.50)...ok, so then the stock goes down some more
So, in summary....three rounds of news over a period of about 23 trading days....with 20 down days and 3 up days....that is quite the campaign. And now their friends get to buy in at these prices....two days in a row now over a million shares...going on three today....AND...WITHOUT MOVING THE STOCK PRICE UP
Now, when positive drill results and a 43-101 can't move your stock up; then why are we drilling. And that doesn't even include an obvious positve...that being Cliffs coming into the area...willing to spend on infrastructure, as rightfully pointed out by BMK....and NOT chooses to remain silent on this positive point.
If in the near future, you're talking with these guys from NOT....don't bring up the issue about the blockade though.....they just won't shut up about that.
Some of the above is fact....and some is my opinion