Sum you wrote:

There has been much selling into the bid recently but suddenly a cork has been put in it. What does it mean?

Here are my thoughts on that. During the weekend, Bob who deals with Genuity and Paul who deals with CIBC are offerred an opportunity of a lifetime to invest in the mother of investments...or they just got tired of Noront or feel the world commodities will crash very soon or whatever-there are always lots of reason to sell, only one reason to buy!

In both cases, they call their brokers pre market on Monday the 1st of February and say sell all my shares in Noront. Well, Bob has 1.5M shares and ditto for Paul. Their brokers both tell them it will take a week and expect to not get asking price if you want to move that many shares that fast. Everyone agrees but they do not know about each other. So the selling starts but now, instead of 1.5M shares flooding the market, we have 3M shares, all sold into the bid within a week.

This takes the price down to very unreasonable levels but the brokers told their clients it would take a week...

Now those shares are gone. Everyone is a little shell shocked so they are afraid to start buying again so we have a stand still for a few days (yesterday and today). Once everyone realizes that there are no more big sellers punishing us, we will have a little flurry of buying to bring us back to a reasonable level-keeping in mind the uncertainty of the logistic halt. What will that number be...somewhere between $1.65 and $1.80 would be my best guess (Sum, please do not crusify me if I am wrong here). From there, to sustain a higher SP, we need significant news, or a new big buyer aka another Clarus. Until then we will tread water.

Good luck to all,

Glorieux

PS Here are the house positions from February 1st till now. Please note the difference between the 2nd net biggest seller CIBC and the 3rd net biggest seller Octagon. This should help everyone realize that if it was not for Genuity/CIBC dumping these 3M shares so fast, our share price would of never hit such a low! Those who noticed and filled up their stockings, a big congrats to you!

	7 TD Sec	2,046,009	3,001,545	1.47		738,437	1,087,653	1.47		1,307,572	-1,913,892
		85 Scotia	843,173	1,243,037	1.47		384,354	569,395	1.48		458,819	-673,642
		2 RBC	706,722	1,040,530	1.47		317,760	467,900	1.47		388,962	-572,630
		71 Brant	136,800	202,123	1.48		22,000	32,640	1.48		114,800	-169,483
		99 Jitney	1,290,200	1,886,831	1.46		1,203,350	1,776,738	1.48		86,850	-110,093
		80 National Bank	525,125	752,963	1.43		461,900	659,542	1.43		63,225	-93,421
		62 Haywood	79,000	112,532	1.42		21,700	30,367	1.40		57,300	-82,165
		97 M Partners	50,000	73,653	1.47		0				50,000	-73,653
		9 BMO Nesbitt	307,225	450,676	1.47		257,500	385,999	1.50		49,725	-64,677
		81 HSBC	58,570	87,327	1.49		13,000	18,679	1.44		45,570	-68,648
		36 Latimer	65,600	99,188	1.51		26,300	39,639	1.51		39,300	-59,549
		75 MGI	21,300	31,521	1.48		0				21,300	-31,521
		31 Dominick	30,000	44,000	1.47		10,000	14,100	1.41		20,000	-29,900
		141 Bolder	62,300	93,711	1.50		45,600	66,709	1.46		16,700	-27,002
		14 ITG	27,000	39,224	1.45		11,000	15,510	1.41		16,000	-23,714
		44 Jones Gable	15,000	20,880	1.39		0				15,000	-20,880
		82 Thomas Weisel	13,700	21,098	1.54		0				13,700	-21,098
		58 Qtrade	13,750	20,537	1.49		1,000	1,560	1.56		12,750	-18,977
		68 Leede	10,000	15,700	1.57		0				10,000	-15,700
		25 Odlum	12,500	18,100	1.45		5,000	6,600	1.32		7,500	-11,500
		54 Global	7,000	9,460	1.35		0				7,000	-9,460
		6 Union	9,915	15,337	1.55		3,696	5,472	1.48		6,219	-9,865
		22 Fidelity	10,699	16,181	1.51		5,500	7,605	1.38		5,199	-8,576
		124 Questrade	25,150	35,913	1.43		21,050	30,820	1.46		4,100	-5,093
		70 Manulife	11,000	16,510	1.50		7,100	9,940	1.40		3,900	-6,570
		101 Newedge	4,700	6,959	1.48		1,100	1,717	1.56		3,600	-5,242
		15 UBS	2,686	3,994	1.49		0				2,686	-3,994
		48 Laurentian	1,500	2,325	1.55		0				1,500	-2,325
		57 Interactive	1,275	1,970	1.55		0				1,275	-1,970
		37 MacDougall	1,000	1,500	1.50		0				1,000	-1,500
		17 Integral	0				1,500	2,310	1.54		-1,500	2,310
		1 Anonymous	386,300	572,784	1.48		388,300	567,674	1.46		-2,000	-5,110
		33 Canaccord	80,350	118,363	1.47		85,200	127,616	1.50		-4,850	9,253
		121 Jennings	0				5,000	7,450	1.49		-5,000	7,450
		5 Penson	8,800	12,190	1.39		19,200	29,950	1.56		-10,400	17,760
		95 Wolverton	63,500	93,150	1.47		75,600	112,116	1.48		-12,100	18,966
		27 Dundee	78,700	118,143	1.50		91,400	138,116	1.51		-12,700	19,973
		46 Macquarie	4,000	5,320	1.33		16,900	22,477	1.33		-12,900	17,157
		20 CI Capital	0				14,500	21,870	1.51		-14,500	21,870
		19 Desjardins	44,265	65,109	1.47		67,658	94,296	1.39		-23,393	29,187
		89 Raymond James	20,100	29,124	1.45		44,300	63,547	1.43		-24,200	34,423
		12 Wellington	380,300	561,975	1.48		426,500	615,728	1.44		-46,200	53,753
		64 Octagon	0				51,700	73,989	1.43		-51,700	73,989
		79 CIBC	689,497	1,007,370	1.46		1,799,739	2,612,563	1.45		-1,110,242	1,605,193
		18 Genuity	0				1,499,867	2,230,566	1.49		-1,499,867	2,230,566