There have been some gloom and doom posts about..nothing happening for 6 months or a technical sell for Noront.
Remind yourselves of this:
One insider, ONE PERSON, paid .3675 for 3.4 million shares of Noront..last month.
These were not flow through shares and there were no warrants. Just plain old common shares at a higher price then today. Why pay more? If nothing is happening soon, why not just keep buying shares at lower prices...accumulate daily for days and months for a better deal. If you look at Noront's history since RCF came on board you will not see another PP like this. This is the first time someone paid MORE with no sweeteners thrown in.
If you go back and look at the history of Noront's announcements ....since RCF became an investor...you'll see something ..interesting...
the share price does not tend to run up prior to news...but quite the opposite. Look below to see the price history before the announcement that Noront secured the cliffs claims for a pitance. Did the price history indicate anything exciting about to come?
TORONTO, Oct. 12, 2017 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture:NOT) is pleased to announce the closing of a non-brokered private placement of 3,400,000 common shares at a price of $0.3675 per share with RCF V Annex Fund L.P. (“RCF V Annex”) for gross proceeds of $1,249,500.
Date |
Open |
High |
Low |
Close |
Volume |
Mar 23, 2015 |
0.47 |
0.54 |
0.42 |
0.48 |
2,385,764 |
Mar 20, 2015 |
0.36 |
0.37 |
0.34 |
0.36 |
201,745 |
Mar 19, 2015 |
0.36 |
0.36 |
0.36 |
0.36 |
93,100 |
Mar 18, 2015 |
0.36 |
0.36 |
0.35 |
0.36 |
100,845 |
Mar 17, 2015 |
0.37 |
0.38 |
0.36 |
0.36 |
163,899 |
Mar 16, 2015 |
0.40 |
0.40 |
0.37 |
0.37 |
167,613 |
Mar 13, 2015 |
0.42 |
0.42 |
0.38 |
0.38 |
326,505 |
Mar 12, 2015 |
0.45 |
0.45 |
0.42 |
0.42 |
64,736 |
Mar 11, 2015 |
0.45 |
0.45 |
0.45 |
0.45 |
27,600 |
Mar 10, 2015 |
0.43 |
0.49 |
0.43 |
0.46 |
262,761 |
Mar 9, 2015 |
0.44 |
0.44 |
0.42 |
0.42 |
43,985 |
Mar 6, 2015 |
0.44 |
0.44 |
0.42 |
0.43 |
183,628 |
Mar 5, 2015 |
0.46 |
0.46 |
0.42 |
0.43 |
295,294 |
Mar 4, 2015 |
0.46 |
0.47 |
0.46 |
0.46 |
236,749 |
Mar 3, 2015 |
0.47 |
0.47 |
0.46 |
0.46 |
179,844 |
Mar 2, 2015 |
0.46 |
0.50 |
0.46 |
0.46 |
950,342 |