Very Interesting............
posted on
Jan 28, 2013 10:23AM
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)
I see this site hasn't changed one bit in 5 years....................it is, and always has been "controlled".
I was a 4.2 rating on friday, since then I posted, FACTUAL technical analysis and todays post about Wynne being elected as very significant for Noront and the ring of fire. My rating has dropped to a 3.7 because of these two posts. Why is it that any post from shareholders that is positive is wrong? Are there really investors here who are so down on their luck that they are buying this stock expecting to lose???? Will I really get a good rating if I say something as ridiculous as "I just put my families hard earned money in the this POS and i'm sure it will tank and it actually may be the first stock to go below $0.0 cents because it's so bad"? I'll give everyone a piece of advice, if you hate the stock you own, and think it has no promise, it's time to sell. Time to hit the road, plain and simple. I am not here for popularity though, i'm here to make money on Noront, which I already have and will continue to for quite some time.
As I posted on friday, the chart has finally turned to a BUY rather then a SELL or HOLD at best since february of 2012. This IS a HUGE deal, do not let anyone tell you otherwise. Riding under the 50dma is not good and was the signal last year to sell. Breaking atop of it a few weeks ago, testing twice and holding was the sign that Noront is back in play technically.
From a fundamental standpoint Noront has always been about as solid as any venture stock out there IMHO. We have a proven resource that is worth billions, yes, billions. The stock got beat up for a number of reasons that you all know, so I won't bother listing them. But that was a different time and a different valuation. Fundamentally today, at a market cap of under 80 million this stock has so much potential it makes my head spin. Couple that with the Wynne announcement and everything is finally heading in the right direction fundamentally.
To all legitimate investors here with honest intentions, trust no one here. This stock has proven to be worthy of immoral activities in the past and present. Anything that is worth this type of effort to hold back, and crucify anyone for saying "I like the stock that I own" is clearly worth something. No one spends this time and effort if there isn't money to be made.........remember that.
All any investor can do is take a current (past is irrelevent) snapsnot of a given stock and decide for themselves if it is a BUY, SELL OR HOLD. For me personally this is what I see: Technically we are primed and the best we've looked in 52 weeks, that is FACT. The break above the 50dma was the "sign". Next will hopefully be the 200dma break, at .40 cents. Fundamentally, ask yourself if the stock is worth 80 million dollars. Is the risk worth the reward? Does 80 million seem like fair valuation for a company with a $10 billion resource. Not to me, but that is just this guys take. No one but yourself can be the judge of this. I'm holding on because on all fronts it looks very promising.........TODAY. If in 6 months the stock is $5 and we have a negative technical or fundamental development, that is the time to re-evaluate.
disclaimer: I hold 200k NOTs and I am not positive on the stock because I own, rather I own because I'm positive.......big difference. I am a real investor, un-like many here, with honest and true intentions. Again, different then many here.
Good luck all, till next time.
djje