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: Today is
7
Oct 01, 2013 10:49AM
3
Oct 01, 2013 11:43AM
Are we saying that RCF or Noront management are or were purposly depressing the share price? I highly doubt that is the case. Nor do I think Coutts's presence has any significant influence on share price. What it does do is probably fortells what may be waiting for us in not too distant future. I leave it to the forum to speculate what it may be. What has been happening is that the share price is reacting to circumctances surrounding Noront. It shot up on news of a great discovery. Then started plummeting due to native's blockade. Followed by management's decision to stop exploring and declared themselves, prematurely may I say, that the company is in development of a mine instead of an explorer. Trump all that with the governments decision and/or statements to go it slow on infrastructure needs in the region. So you end up with a reaction by funds, and many individual investors, to go elsewhere is search of quicker gains with the hope that this opportunity will still be here at a later time. As they leave the sell pressure depresses sp. Note that after the power line announcement the sp shot up to 40 cents or so and has now fallen back to 26. So the opportunity to get back in is again as it was before that announcment.
3
Oct 01, 2013 12:10PM
4
Oct 01, 2013 12:29PM
4
Oct 01, 2013 02:07PM
2
Oct 01, 2013 03:39PM
2
Oct 01, 2013 04:12PM
Share
New Message
Please login to post a reply