TEN Hints we've been given
posted on
Jul 20, 2010 01:11PM
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've been given some hints already.
(1) April 26 NR.
Both deep drills are now on site and are fully crewed and deep drilling has begun with one of the drills. Our current plan is to extend hole NOT-09-049 as deep as possible and once again utilize it as a platform hole for down hole geophysics. Given the depth of the planned drilling, the Company cannot reasonably determine if this deepening will or will not follow mineralization. Follow on holes will be contingent upon the results of this hole.
(2) We started deep drilling approx April 26, (could have been a bit before that).
(3) May 21-May 26 we see higher volume. May 21 the volume was double compared to May 20. Why? Oops. Gotta keep that low profile. Keep putting up that big ask eventually the volume will go down and back to where they want it! Control achieved ...again.
(4) The most current investor presentation dated June 4,2010 points out the following: The eagle's nest budget money consists of 24% going to infill drilling and 76% for deep drilling. Did you note the 76% number? So, as per April 26 if we do not get decent results by going deeper into hole 49 we are not continuing deep drilling. 6 weeks later we are commiting 76% of the eagle's nest budget to deep drilling. Your answer to the results is right there.
(5) If you assume that price goes up when there is interest in buying, ask yourself how the heck we sat at 1.23 June 15 and ended up at 1.13 June 30 and had SO MANY SHORTS COVER. How?
(6) Ask yourself this. Why would the shorts cover? Why? The deep drilling had already been well into progression and the shorts cover??
(7) As I pointed out before : look at the management and look at what they managed to do with ARU. Again, I ask you to read this again and ask yourself how they managed to create such a tight ship. My goodness 240% in 24hrs? What about leaks with drillers, labs, employees etc. How did this stock not run prior to this NR? How? So, they have done it before!
Aurelian Resources (TSX-V: ARU). On April 4,2006 the stock closed at $0.89.
The very next day, after the company announced that it intersected
4.14 g/t gold over 237 meters and 3.42 g/t gold over 60 meters on a property they have down in Ecuador,
the stock shot up over $3.00. It was a 240% increase in less than 24 hours
(8) But, we had a run up back in July remember.? But what changes were made after that. Who is no longer with the company. Are there any original employees left? Co-incidentally we have a tight ship?
(9) Neighbours near the eagles nest are showing retatively stable prices. Probe and Fancamp. Noront has been slowly pecked at.. Again, ask yourself how the price went down as all those shares were covered.? Added interest during this period of June 15-June 30 resulted in a lower share price?
(10) The stock chart of Noront since the new board took over is very similar to Aurelian resources during 2005-March 2006. You have the price history of what happened after with ARU. It wasn't sold off for $2.00.