I have been a long time investor in NOT, bought and held and bought more, all in TFSA and basiclly only ever Read posts and do not post myself but...
The issuing of shares and warrants that is going on now has likely been in the works for some time and not just because the price has gone up and Noront wants people to have some cheap shares? This likely started when price was in the low 30's! These things take time to put together.
With the court case done and access opened up North/South, if this is the route that they go with, with Allan Coutts being very quiet, with the first nations being very quiet, with more great targets, do peple honestly think there is not something going on behind closed doors? If it was bad they would be screaming at the top of their lungs, if good loose lips sink ships!
The post about "Word from the bush" is very telling of what i believe will happen. First Nations will make the announcment that an agreement has been reached. Why wouldnt they? This will reassure them that they are "Partners" in this process.
Fedral gov. would not commit until the First Nations do. Why would they? If they did then they would have to move forward regardless of if a mine was agread to and if no agreement then no revenue for the gov. First Nations first!!
They must line up the dominos and I agree that it has taken far too long but I for one am happy it has. I have been able to purchase shares in my wifes and my TFSA every year for some time. ( Its been hard to convince her but I just put on the charm!..lol).. we have accumulated over a quarter million shares..Please push over the first domino and let them fall where they may!!!
With new targets, what could be the value of ROF $100 BILLION? Say 2% insitu (rediculous ly cheap) is $2 BILLION, gives us an almost 20 bagger from here? OK lets be conservative,10? I am OK at this point with an almost $5 dollar stock price! I could retire at 45 then If I want....
GLTA and this is just my opinion and rant for the day:)
Cheers
Troy