I have stated several times about how I felt the hedge funds could not play with our stock price like they do without the participation of management. This participation, to me, comes in the way the messages get delivered. Compare these comments for instance....

First some words from our leader Wes (from the International Resource Journal)

"At the moment, most of Noront’s discoveries are limited to large, high-grade chromite deposits. “The potential is immense,” Hanson says"

“There is no outcrop to help us guide our exploration effort, so that makes it dif­ficult,” Hanson adds."

"but we have had a 30 per cent success rate in terms of drilling on geophysical targets and finding something of potential merit.”

"The long-term issue is one of infrastructure development. The ring of fire is in a remote area without road access. Well north of Thun­der Bay,"

"There is minimal infrastructure, lack of skilled work forces and no access to the Ontario power grid"

Now a few words from Frank C. Smeenk

"Frank C. Smeenk, president and CEO of KWG Resources, Inc. Canada, was the keynote speaker and he focused on the benefits city businesses could reap if a mine established."

"The deposit, which is calculated to have enough chromite for 100 years, could be a major source of revenue for the province"

"Smeenk said the grade of the deposit KWG is exploring is high enough that it could be in a position to export feral chrome to global markets."

“Having a city 500 km from our mine site is a big plus for us,” he said in an interview. “It‘s very economical to come and go here with the Trans-Canada Highway, rail lines and all the facilities needed for construction.”

Comments:
Ok, so before you go getting all defensive, I will say that Wes did make some positive comments in that interview. However, just as in the last drill results....he always has to throw in that negative comment or two. Like..we have great drill results, BUT, there is a blockade. Or in his interview on BNN when he compared the area to the Florida everglades. Or to just screw up the news to the point the stock gets halted.

Now, either Wes is the worst sales man around....in which case, he should not give interviews....or...as I suspect, the words are carefully planned as to not created too much excitedment. The hedge funds then do their part in holding down the share price for a day or two after the news to create the perception that things are not all that great.....therefore, the focus on the negative aspects of the news....rather than the positive.

In the end....look at how institutions have increased their holdings from 55% to 59%....

Now again....these are my opinions