The Real Deal
posted on
Mar 16, 2010 04:14PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
We couldn't FEEL the REAL DEAL more powerfully. All the signs are there. Government leaders have spoken some pretty powerful words.
Here's a couple of quotes below from leaders seeing the REAL DEAL. Our price action as aggravating as it has been also points to the REAL DEAL.
Open Ontario will also include plans to help northern residents and First Nations develop what may be the largest chromite deposit in the world, the Ring of Fire in the northwest.
"Why wouldn't we take full advantage of this multi-billion dollar economic opportunity?" asked McGuinty. "Why wouldn't we ensure that our northern communities, our mining sector, our First Nations benefit from the thousands of new Ontario jobs this will create?
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You are probably sick of me posting rule #6. But I post again as a reminder that the price action perfectly mirrors rule #6. WE are being shaken for shares.
RULE NUMBER SIX: IF THIS IS A REAL DEAL, THEN YOU ARE LIKELY TO BE THE LAST PERSON TO BE NOTIFIED OR WILL BE DRIVEN OUT AT THE LOWER PRICES."
"Like Jesse Livermore wrote, "If there's some easy money lying around, no one is going to force it into your pocket." The same concept can be more clearly understood by watching the tape. When a market manipulator wants you into his stock, you will hear LOUD noises of stock promotion and hype. If you are "in the loop," you will be bombarded from many directions. Similarly, if he wants you out of the stock, then there will be orchestrated rumors being circulated, rapid-fired at you again from many directions. Just as good news may come to you in waves, so will bad news.
You will see evidence of a VERY sharp drop in the share price with HUGE volume. That is you and your buddies running for the exits. If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible.
The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the "accumulation" stage, he wants to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase.
Hon. Michael Gravelle:
" Indeed, we are very excited about the potential opportunities, and the fact that it is part of our Open Ontario plan is extraordinarily exciting.
I certainly would invite the member to join us. I know that you were at the Prospectors and Developers Association convention in the last couple of days. We appreciate you being there-one of the most successful in years. The fact is, you heard from many people who were speaking about our government of Ontario's plan to support and promote the Ring of Fire development. So indeed, we want to have you onside for this.
This is something that needs to be managed in an appropriate fashion. In terms of our opportunities that we have, we are going to be working with our First Nation communities, working in terms of making sure it's environmentally sustainable. But there is no question-you can go down to the convention and meet with the many aboriginal leaders who are there. They're also very excited about the opportunities that are there.
This is about finding a way to take advantage of an opportunity that we haven't seen in the province of Ontario in 100 years, and I am just thrilled that our government is promoting its development."