HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

Free
Message: Re: So......
10
Mar 29, 2010 06:58PM
2
Mar 29, 2010 08:24PM
3
Mar 29, 2010 08:34PM

Re: So......

in response to by
posted on Mar 29, 2010 08:58PM

I'll take a stab at illuminating you there Sum4All

The obvious reason to me is stock options. As you commented in your subsequent post...

"Those also making the moves....

posted on Mar 29, 10 07:09PM

on NOT also know what and when something is coming"

This trading activity is very similar to what occured just prior to NOT issuing stock options at .62. You know, one day after they announced hole 49....but, due to the wording of the news release, nobody could quite figure out if the news was good or not....not until about two whole weeks later.

Ok....so here's the news release announcing hole 49 "Noront Resources provides exploration update" ....quite the catchy heading...ok, so that is June 29

Then June 30....."it has granted 3,865,000 Stock Options set at Cdn.$0.62 for a period of five years"....nice move....and here's the trading action over the next little while...

07/16/09 0.97 1.53 0.87 1.42 20,007,874
07/15/09 0.64 1.09 0.64 0.99 15,267,850
07/14/09 0.61 0.64 0.6 0.63 376,785
07/13/09 0.62 0.63 0.59 0.61 497,332
07/10/09 0.62 0.63 0.59 0.62 662,100
07/09/09 0.62 0.65 0.61 0.62 696,444
07/08/09 0.66 0.67 0.6 0.61 2,016,289
07/07/09 0.7 0.7 0.64 0.67 1,569,959
07/06/09 0.72 0.74 0.67 0.69 2,061,480
07/03/09 0.66 0.69 0.65 0.69 762,845
07/02/09 0.65 0.69 0.62 0.63 2,302,292
06/30/09 0.6 0.65 0.6 0.62 2,457,280
06/29/09 0.56 0.58 0.54 0.56 543,600
06/26/09 0.57 0.57 0.5 0.56 2,253,510

07/16/09

0.97

1.53

0.87

1.42

20,007,874

07/15/09

0.64

1.09

0.64

0.99

15,267,850

07/14/09

0.61

0.64

0.6

0.63

376,785

07/13/09

0.62

0.63

0.59

0.61

497,332

07/10/09

0.62

0.63

0.59

0.62

662,100

07/09/09

0.62

0.65

0.61

0.62

696,444

07/08/09

0.66

0.67

0.6

0.61

2,016,289

07/07/09

0.7

0.7

0.64

0.67

1,569,959

07/06/09

0.72

0.74

0.67

0.69

2,061,480

07/03/09

0.66

0.69

0.65

0.69

762,845

07/02/09

0.65

0.69

0.62

0.63

2,302,292

06/30/09

0.6

0.65

0.6

0.62

2,457,280

06/29/09

0.56

0.58

0.54

0.56

543,600

06/26/09

0.57

0.57

0.5

0.56

2,253,510

Look at the volume July 9-14....and the shareprice.....remember, this is about two full weeks after the first announcement of hole 49.

Ok....so why did the market not understand what was coming?

Well for hole 49....they describe the sulphides like this...."two zones of disseminated, semi-massive and massive sulphides"

But for hole 47....a much better description of the massive sulphide section..."Hole NOT-09-047 at Eagle One intersected 2.15 m of nickel, copper sulphides including 1.75 m of massive sulphides"

On July 15, they actually come right out and try to tell the market that there is no material change "there are no corporate developments or undisclosed material changes involving the Corporation to account for its recent rise in stock price"

It would seem at about this point....for some reason.....the market caught on to just how good hole 49 was....and by the market, I mean...well, you could look up who was buying here

And, well....you all know what happened after that....the stock makes it's way up to about $3.....then the news....I believe that would be when retail was buying......then down she goes

And now here we are....again

How's that for illuminating

07/16/09 0.97 1.53 0.87 1.42 20,007,874
07/15/09 0.64 1.09 0.64 0.99 15,267,850
07/14/09 0.61 0.64 0.6 0.63 376,785
07/13/09 0.62 0.63 0.59 0.61 497,332
07/10/09 0.62 0.63 0.59 0.62 662,100
07/09/09 0.62 0.65 0.61 0.62 696,444
07/08/09 0.66 0.67 0.6 0.61 2,016,289
07/07/09 0.7 0.7 0.64 0.67 1,569,959
07/06/09 0.72 0.74 0.67 0.69 2,061,480
07/03/09 0.66 0.69 0.65 0.69 762,845
07/02/09 0.65 0.69 0.62 0.63 2,302,292
06/30/09 0.6 0.65 0.6 0.62 2,457,280
06/29/09 0.56 0.58 0.54 0.56 543,600
06/26/09 0.57 0.57 0.5 0.56 2,253,510
3
Mar 29, 2010 10:32PM
13
Mar 29, 2010 10:44PM
1
Mar 29, 2010 10:50PM
9
Mar 29, 2010 10:53PM
31
Apr 04, 2010 09:17AM
7
Apr 04, 2010 10:37AM
Share
New Message
Please login to post a reply