More info from agora board. This stock is exciting following, even when the price isn't going up at the present time. But from this statement it looks like we could have news & a change in stock price at any time.
Just talked to David Graham
Posted by:
d12 on February 07, 2008 11:17AM
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Alright, I just got off the phone with David Graham from Noront Resources and this is how the discussion went:
First off, I would like to point out that he is an incredibly nice man.
Question#1: Why do a PP now and not wait for a later time to hopefully get more.
Answer#1: He mentioned that todays NR showed that market conditions had a big role in this transaction. He was referring to Richard's comments. He said he has been in this situation before and to wait to the last minute in these type of market conditions is a bad idea. You lose total control. He also mentioned that they originally wanted to do a larger PP for a bigger percentage of the company but instead they only did this small one to get the best of both worlds. They can now go about their business and continue working and when the time is right they will do the larger PP. They didn't want very much dillution this time around. This is exactly what most of us were thinking.
Question #2: How is work going on drilling other anomalies?
Answer #2: Things are going well and they are drilling. Conditions are tough because of the extreme cold. Visuals will be out as soon as they get them. Doesn't know exactly when but shouldn't be long.
Question #3: How is Windfall going and will we here something soon with regards to an update?
Answer #3: Things are going great and he absolutely loves the team at Windfall. Very smart individuals with great attitudes. He actually laughed at how much he thinks of them. Of course he can't say when, but he says we will be hearing an update very soon.
Question #4: How is the 43-101 going?
Answer #4: We are pretty much done drilling but there is a possibility there could be 1 or 2 more holes depending on what is needed from them. Then it needs to go to the engineers to write it up, and this is all dependant on availability of services. Going as fast as they can and will put it out once its done.
Other notes: Things are going great and he seemed very happy. They think the PP was a great thing and believe it was very smart given what the markets could do in the next 3 to 4 months. The last thing he said to me was this. "stay on the edges of your seats, I can't say exactly when, because I honestly don't know, but when the next releases come out, things are going to get very, very interesting".
After talking with David I will be buying more stock with my wife RSP's. This is not a pump, but sometimes it really pays to talk to these guys. At this point it is not worth playing around as the next NR could be today, tomorrow or a week from now. But when it comes, things are going to get "very interesting".
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