WharfRat, I am not an expert in mining stocks, or any other. Just a small time investor, trying to make money investing on my own DD. As Lovetowin said, I just have a gut feeling & I did alot of DD (all my posts are prove of all the time I've spent on my DD)on NOSOF and believe they have discovered a world class mine & they will be bought out for alot more than the current SP. I could be wrong, but hope I'm not. As with everything time will tell. I do appreciate everyones input about this and other stocks.
This was the first neg. concerning NOSOF. Richard sold 116,000 shares of NOSOF. That is a very small portion of his shares. AB poster who talked to him said he sold for personal reason and nothing has changed with NOSOF. I still think this stock will do very well in the long term and will move higher in the short term. Here are some post from AB. Have a good week, Lor
One thing we now know for certain
Posted on June 20, 2008 10:17AM
There cannot be any bad news "in hand" as of early this week, or else
those sales would be illegal. So either there are no results yet or they are
good.
There is a positive way of looking at this.
Salary Reality
Posted on June 20, 2008 10:35AM
The CEO's salary in '07 was $64,089.00 plus "out of pocket business expenses". (for a company with market cap of some 500 Million?)
He isn't exactly some jet-setting, "spend like crazy on the back of shareholders" type of guy; trotting around in anything more than a pick up truck and off the rack suits.
Give the guy a break.
When insiders sell
Posted on June 20, 2008 11:21AM
I am much more comfortable when insiders sell when the stock is down or at an average level rather then when it on its way up.
Richard sells in th $3.XX - $4.XX range tells me he's not being greedy or doubtful about the stock.
Imagine that as she it going up past $6.00 you suddenly see a lot of insider selling? Translation "This baby is overpriced. I'm cashing in!"
I think selling at an average to low price also gives him credibility at not being accused of insider trading. This would be a real problem for insiders if they sold and the next week the stock took a dive because of bad news that they already knew about.
All in all, if Richard is going to sell, this was the month to do it!
Now next week, when we start climbing again, no one can find fault with the insider's selling.
From NOT
Posted on June 20, 2008 12:12PM
Well the office appears to be keeping abreast of what posters are saying from Agoricom.
I asked about R.N.s selling of shares and firstly, the response was that these represent a miniscule no. of the shares he has as he has millions. He is obviously not allowed to trade on insider information therefore his sells are not based on any material news. I posed that it could be an indication that no news is coming. The response was that he would not be selling on knowledge of whether news was coming or not and that his sells are based on personal reasons not on information material to the sp. They are very happy about the new staff and feel that that is a strong indication as to where this company is going. Thoughts about the sp are that the market is bad and that there is less going on with the "dark side" than people are imagining. I also posed that the delay in assays is due to re-assays given that the NI reports were greater than 1%. She basically said that would be nice if that were the case. An answer I would expect. She "thinks" the lab is fully functional but didn't express this as a certainty. She still maintains that news will go out as they receive it. (Not likely to be today if anyone was waiting).
Did You Know?
A few thoughts
Posted on June 20, 2008 01:06PM
First, Richard selling shares is of no worries to me. He needs money like everyone else and NOT is his piggy bank. He is going to be remembered for a long time for this discovery and the amound of eyes on him is incredible. He would not risk selling shares ahead of bad news as this would hurt his reputation and legacy. If anything, it may be the opposite, great news may be on the way. What shape will this news take? Have your pick:
First truck load of gold comes out of the ramp at Windfall
Assays for E2 at depth are in and are great
Assays for any other eagles are in and are great
We are getting listed on the TSX
A major is buying in
Etc...
The point is this story is too big to unfold next week or next month for that matter. If you are the CEO and you need money and you have the amount of shares and options Richard has, you do not be a pig and wait for a peak, you take it at a low point and no one can touch your reputation!!
The other issue is that we will see our share price below $3.00 I can guaraatee it. There is very greedy people looking at this and they are just salivating at the though of all those margin calls going out and all these shares that will be available to buy under $3.00. So get ready for it. If you are on margin, plan to cover now. If you are in a position to take advantage of cheap shares, get ready, the dip below $3.00 will last but a week or so, just long enough for the margin calls to go out and be executed. This is phychological and is painful but when you understand the game, it is much easier to deal with.
Have a great week all and try not to fret too much about this manipulation. Last I checked, Eagle one was still there on our 100% owned claim!
Relax, Spoke to R.N today
Posted on June 20, 2008 06:32PM
Good evening to all Not holders,
I had an interesting conversation with Richard this afternoon.
He mentioned the recent hiring of his new people that will be responsible in taking NOT to the next level.
Richard's voice was filled with enthusiasm and excitement when he mentioned that cromium is a very important element that many are not paying attention to.
When I asked him if there is any negative news pertaining to NOT, his reply was that, "Nothing has Changed"
Looking forward to blue skies ahead very shortly.
Seems Nemis has been selling he sold 116,000 shares while 2 other insiders bought 600.000 shares
Posted on June 20, 2008
<TABLE width="100%"><TBODY><TR><TD>Jun 19/08</TD><TD>Jun 17/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-10,000</TD><TD>$3.700</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-14,800</TD><TD>$3.750</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-26,400</TD><TD>$3.740</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-2,600</TD><TD>$3.720</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-24,000</TD><TD>$3.700</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 13/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-2,000</TD><TD>$3.700</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 11/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-12,800</TD><TD>$3.800</TD></TR><TR><TD>Jun 18/08</TD><TD>Jun 10/08</TD><TD>Diges, Carmen Lydia</TD><TD>Direct Ownership</TD><TD>Options common shares</TD><TD>50 - Grant of options</TD><TD>350,000</TD><TD>$3.900</TD></TR><TR><TD>Jun 13/08</TD><TD>Jun 10/08</TD><TD>Harvey, John Dennis</TD><TD>Direct Ownership</TD><TD>Options common shares</TD><TD>50 - Grant of options</TD><TD>250,000</TD><TD>$3.900</TD></TR><TR><TD>
- Amended Filing</TD></TR></TBODY></TABLE>
One thing we now know for certain
Posted on June 20, 2008 10:17AM
There cannot be any bad news "in hand" as of early this week, or else
those sales would be illegal. So either there are no results yet or they are
good.
There is a positive way of looking at this.
Salary Reality
Posted on June 20, 2008 10:35AM
The CEO's salary in '07 was $64,089.00 plus "out of pocket business expenses". (for a company with market cap of some 500 Million?)
He isn't exactly some jet-setting, "spend like crazy on the back of shareholders" type of guy; trotting around in anything more than a pick up truck and off the rack suits.
Give the guy a break.
When insiders sell
Posted on June 20, 2008 11:21AM
I am much more comfortable when insiders sell when the stock is down or at an average level rather then when it on its way up.
Richard sells in th $3.XX - $4.XX range tells me he's not being greedy or doubtful about the stock.
Imagine that as she it going up past $6.00 you suddenly see a lot of insider selling? Translation "This baby is overpriced. I'm cashing in!"
I think selling at an average to low price also gives him credibility at not being accused of insider trading. This would be a real problem for insiders if they sold and the next week the stock took a dive because of bad news that they already knew about.
All in all, if Richard is going to sell, this was the month to do it!
Now next week, when we start climbing again, no one can find fault with the insider's selling.
From NOT
Posted on June 20, 2008 12:12PM
Well the office appears to be keeping abreast of what posters are saying from Agoricom.
I asked about R.N.s selling of shares and firstly, the response was that these represent a miniscule no. of the shares he has as he has millions. He is obviously not allowed to trade on insider information therefore his sells are not based on any material news. I posed that it could be an indication that no news is coming. The response was that he would not be selling on knowledge of whether news was coming or not and that his sells are based on personal reasons not on information material to the sp. They are very happy about the new staff and feel that that is a strong indication as to where this company is going. Thoughts about the sp are that the market is bad and that there is less going on with the "dark side" than people are imagining. I also posed that the delay in assays is due to re-assays given that the NI reports were greater than 1%. She basically said that would be nice if that were the case. An answer I would expect. She "thinks" the lab is fully functional but didn't express this as a certainty. She still maintains that news will go out as they receive it. (Not likely to be today if anyone was waiting).
Did You Know?
A few thoughts
Posted on June 20, 2008 01:06PM
First, Richard selling shares is of no worries to me. He needs money like everyone else and NOT is his piggy bank. He is going to be remembered for a long time for this discovery and the amound of eyes on him is incredible. He would not risk selling shares ahead of bad news as this would hurt his reputation and legacy. If anything, it may be the opposite, great news may be on the way. What shape will this news take? Have your pick:
First truck load of gold comes out of the ramp at Windfall
Assays for E2 at depth are in and are great
Assays for any other eagles are in and are great
We are getting listed on the TSX
A major is buying in
Etc...
The point is this story is too big to unfold next week or next month for that matter. If you are the CEO and you need money and you have the amount of shares and options Richard has, you do not be a pig and wait for a peak, you take it at a low point and no one can touch your reputation!!
The other issue is that we will see our share price below $3.00 I can guaraatee it. There is very greedy people looking at this and they are just salivating at the though of all those margin calls going out and all these shares that will be available to buy under $3.00. So get ready for it. If you are on margin, plan to cover now. If you are in a position to take advantage of cheap shares, get ready, the dip below $3.00 will last but a week or so, just long enough for the margin calls to go out and be executed. This is phychological and is painful but when you understand the game, it is much easier to deal with.
Have a great week all and try not to fret too much about this manipulation. Last I checked, Eagle one was still there on our 100% owned claim!
Relax, Spoke to R.N today
Posted on June 20, 2008 06:32PM
Good evening to all Not holders,
I had an interesting conversation with Richard this afternoon.
He mentioned the recent hiring of his new people that will be responsible in taking NOT to the next level.
Richard's voice was filled with enthusiasm and excitement when he mentioned that cromium is a very important element that many are not paying attention to.
When I asked him if there is any negative news pertaining to NOT, his reply was that, "Nothing has Changed"
Looking forward to blue skies ahead very shortly.
Seems Nemis has been selling he sold 116,000 shares while 2 other insiders bought 600.000 shares
Posted on June 20, 2008
<TABLE width="100%"><TBODY><TR><TD>Jun 19/08</TD><TD>Jun 17/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-10,000</TD><TD>$3.700</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-14,800</TD><TD>$3.750</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-26,400</TD><TD>$3.740</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-2,600</TD><TD>$3.720</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 16/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-24,000</TD><TD>$3.700</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 13/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-2,000</TD><TD>$3.700</TD></TR><TR><TD>Jun 19/08</TD><TD>Jun 11/08</TD><TD>Nemis, Richard</TD><TD>Direct Ownership</TD><TD>Common Shares</TD><TD>10 - Disposition in the public market</TD><TD>-12,800</TD><TD>$3.800</TD></TR><TR><TD>Jun 18/08</TD><TD>Jun 10/08</TD><TD>Diges, Carmen Lydia</TD><TD>Direct Ownership</TD><TD>Options common shares</TD><TD>50 - Grant of options</TD><TD>350,000</TD><TD>$3.900</TD></TR><TR><TD>Jun 13/08</TD><TD>Jun 10/08</TD><TD>Harvey, John Dennis</TD><TD>Direct Ownership</TD><TD>Options common shares</TD><TD>50 - Grant of options</TD><TD>250,000</TD><TD>$3.900</TD></TR><TR><TD>
Post from AB and the reasons I remain long.
If you have come this far,"
Posted by: on June 23, 2008 10:05PM
Could there be optimism in the air... ?
I appreciate Canseco's post today... that said, I also believe this is short term pain, albeit a few months already. Hang in gang. "If you have come this far, perhaps you will come a little further."
I believe Nemis sold shares during his blackout period.... does anyone know how long this period will last? My point, perhaps we should not be ready for assay results this week, or tomorrow, if there is a fixed period this blackout period lasts.... perhaps news doesn't flow during this period. Can anyone comment? (I hope I am jinxing this, lol)
Regarding the assays.... if DE2 gets richer at depth, which is likely given the delay, we have good news to come. D12 has been bang on for quite awhile... please newbies and burnt out bulls, pay attention to D12.
Brings me to one of Sinlairs favorite quotes, " there is nothing more bearish then a burnt out bull." or something to that extent.
We have yet to confirm a second high grade hole find. Re-read the importance of this in "The Big Score." When DE2nickel offically lands, we will be in the money. If we get a few good intercepts at depth and in high grade, this whole story improves dramatically. We are a similar price as where we were in January... back then we didn't have DE2, and the chromite or a nearly 600 meter ramp at Windfall, or 50 million in the bank, or Mungall full time, or ... you get the point.
We know we have something special here. Nickel at grades like this are ridiculous. The Chromite/ platinum story is going to heat up. Take it or leave it... you are an investor.
If there is a blackout period for share sales that prohibits news, possibly one of the great buying opportunities is upon us. If you are on margin, better call your loans/mortgage agent and figure out how not to get called out of your positions. If you are called, this was a lesson you needed to learn. I feel for you, and again, I feel it is short term pain.
Remember, this isn't a technical story at this point, we have specific news to come to market... we are waiting for:
1. DE2 nickel grades, preferably above 2% or somewhere close.
2. reference to the greatest Chromite finds in the world.... repeat, in the world.
3. windfall news, the original glory hole will show up one day and if it's got any dimension to it, we have two front and center projects.
there is starting to be emotion that usually comes near short term, if not long term bottoms. People are scared... investors confidence is challenged...
you must bear down... you must face this short term pain if you are to make money here... we are close to an emotional bottom, and it will not feel good... we've come through this before, I hope you all make it..."If you have come this far..."
If you have come this far,"
Posted by: on June 23, 2008 10:05PM
Could there be optimism in the air... ?
I appreciate Canseco's post today... that said, I also believe this is short term pain, albeit a few months already. Hang in gang. "If you have come this far, perhaps you will come a little further."
I believe Nemis sold shares during his blackout period.... does anyone know how long this period will last? My point, perhaps we should not be ready for assay results this week, or tomorrow, if there is a fixed period this blackout period lasts.... perhaps news doesn't flow during this period. Can anyone comment? (I hope I am jinxing this, lol)
Regarding the assays.... if DE2 gets richer at depth, which is likely given the delay, we have good news to come. D12 has been bang on for quite awhile... please newbies and burnt out bulls, pay attention to D12.
Brings me to one of Sinlairs favorite quotes, " there is nothing more bearish then a burnt out bull." or something to that extent.
We have yet to confirm a second high grade hole find. Re-read the importance of this in "The Big Score." When DE2nickel offically lands, we will be in the money. If we get a few good intercepts at depth and in high grade, this whole story improves dramatically. We are a similar price as where we were in January... back then we didn't have DE2, and the chromite or a nearly 600 meter ramp at Windfall, or 50 million in the bank, or Mungall full time, or ... you get the point.
We know we have something special here. Nickel at grades like this are ridiculous. The Chromite/ platinum story is going to heat up. Take it or leave it... you are an investor.
If there is a blackout period for share sales that prohibits news, possibly one of the great buying opportunities is upon us. If you are on margin, better call your loans/mortgage agent and figure out how not to get called out of your positions. If you are called, this was a lesson you needed to learn. I feel for you, and again, I feel it is short term pain.
Remember, this isn't a technical story at this point, we have specific news to come to market... we are waiting for:
1. DE2 nickel grades, preferably above 2% or somewhere close.
2. reference to the greatest Chromite finds in the world.... repeat, in the world.
3. windfall news, the original glory hole will show up one day and if it's got any dimension to it, we have two front and center projects.
there is starting to be emotion that usually comes near short term, if not long term bottoms. People are scared... investors confidence is challenged...
you must bear down... you must face this short term pain if you are to make money here... we are close to an emotional bottom, and it will not feel good... we've come through this before, I hope you all make it..."If you have come this far..."
<H3>Here's a couple of post from AB
DE2 Nickel
Posted on June 24, 2008 12:35AM
The expectation of high grade nickel assays pending, or awaiting re-assays may be a little overly optimistic. Reviewing the latest drill results would not indicate a hidden high grade section that would indicate this (IMO).
Assays have been received from DE2 for holes 08-1G2, 08-1G3, 08-1G6, 08-1G8, 08-1G17 and 08-1G22. theses results suggested a veining type structure of Nickel and PGM’s with the most significant (over 1% nickel) being 4 meters of hole 08-1G2 at 1.44%, 5.6 meters of hole 08-1G3 at 2.24%, 5.5 meters of hole 08-1G8 at 1.98% and 5.1 meters of hole 08-1G22 at 1%. These holes were initially described as “semi-massive to massive sulphide bands of mineralization”.
Reviewing the not yet released assays of DE2, holes 08-1G24, 08-1G25, 08-1G28, 08-1G31, 08-1G32, 08-1G35, 08-1G38, 08-1G39 and 08-1G40, only 4 meters of 08-1G35, 18.6 meters of 08-1G38, 8.2 meters of 08-1G39 and 17.2 meters of 08-1G40 are described as “semi-massive” Copper and Nickel mineralization.
As such I would not expect to see many if any of the assays from these holes to exceed much over 1% Nickel as most of the visuals to date have been relatively accurate.
The DE3 (AT3) anomaly only had “disseminated sulphides”, and would not expect to receive any stellar Nickel or PGM’s from these drill holes.
The DE4 (AT4) anomaly was a VMS deposit with “barren sulphide mineralization” with “Minor visible copper - zinc mineralization observed”, and not likely to have any substantial amounts of Nickel.
This is not inclusive of the wide, high grade chromite discoveries found within the same DE2 assays, or peripheral rare earth mineralization’s, not yet assayed, if any.
The real story here is the “relentless pursuit”, as of the last press release the drilling progress looks like: AT2 7, 412 meters drilled, AT3 2,621 meters drilled, AT4 951 meters drilled, AT8 303 meters drilled, and these are only the ones we know of so far, which is over 11,287 meters of exploration not counting Eagle 1 (and I’m sure we are much further than that now…). This dwarfs all other exploration companies efforts combined in the ROF.
Exploration will take time and once the discoveries are located, and will take month’s maybe years to clearly delineate. I am not one who believes management is holding back anything from the SH’s, there maybe proprietary information withheld like geology finding etc. for JV or purchase strategies, but not drill data or assays that would help/hurt SP. When something significant is discovered, it WILL be reveled (IMO), and once it starts there may be a flood…
Albeit the Nickel and chromite assays received to date from DE2 are encouraging and should add to valuation eventually, I would caution against idealistic expectations (of the visual to date) which may lead to disappointments.
With the belligerence NOT is perusing exploration, indicates the leadership of their position in the ROF, the only companies that will participate in significant discoveries in the ROF, are the ones that actually put drills in the ground, and Noront is doing just that, they ARE on the hunt. SP reflects little at this point (for longs), you make/lose nothing until you sell, the drills continue to turn, and after the shallow targets are exhausted, the deeper targets will be pursued.
I would never suggest buy/sell strategies for anyone, and the current SP is disappointing for all, and even painful for some, but if participation in the ROF appeals to your intuition, well…
Not to mention the potential of WindFall…
</H3>
Re: DE2 Nickel
Posted on June 24, 2008 02:18AM
In response to: DE2 Nickel
I would like to point out what Mr.Nemis was trying to tell us back in Feb. 25 by reposting the first paragraph of the NR. The conduit of eagle one empties into the ring of fire at eagle two. Yes the grades were deluded because the stringers of sulfides were only 10 to 120 centimeters wide, deluded across the length of the intercept with the other minerals,not that the grades were not massive or semi-massive but deluded across the intercept so the not as good as eagle one because of the dilutions when emptying into the ring of fire.Now as they get closer to the mouth of the conduit and we get away from the stringing of minerals we should have a more continuity of minerals and with it better grades,IMHO. When the drills get into the conduit and trace it back to eagle one like i think they will , with time. If the conduit is only 50m by 50m by 2kms,well that would make it well over 20,000,000 tons.Now if there is pooling of ore , and there will be pooling of ore,well you can throw that 20,000,000 tons estimate out the window.Now this is what i always thought Mr.Nemis was trying to tell us, but this is just my humble opinion, everyone should always do their own DD. But reread the first paragraph again and make up your own mind.
TORONTO, ONTARIO - (Feb. 25, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to announce the discovery of a second massive sulphide occurrence located 2 kilometers to the southwest of its Eagle One magmatic massive sulphide occurrence within Noront's 100% owned Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "We are pleased to announce that semi-massive to massive sulphide mineralization has been encountered about 2 kilometers to the southwest of Eagle One, in what is believed to be a peridotite filled conduit of the Eagle One magmatic massive sulphide occurrence. Our new drill objectives are to focus on this new occurrence and also to complete drill testing several other high-priority geophysical targets within the Double Eagle project area," states Richard Nemis, President and CEO of Noront.
DE2 Nickel
Posted on June 24, 2008 12:35AM
The expectation of high grade nickel assays pending, or awaiting re-assays may be a little overly optimistic. Reviewing the latest drill results would not indicate a hidden high grade section that would indicate this (IMO).
Assays have been received from DE2 for holes 08-1G2, 08-1G3, 08-1G6, 08-1G8, 08-1G17 and 08-1G22. theses results suggested a veining type structure of Nickel and PGM’s with the most significant (over 1% nickel) being 4 meters of hole 08-1G2 at 1.44%, 5.6 meters of hole 08-1G3 at 2.24%, 5.5 meters of hole 08-1G8 at 1.98% and 5.1 meters of hole 08-1G22 at 1%. These holes were initially described as “semi-massive to massive sulphide bands of mineralization”.
Reviewing the not yet released assays of DE2, holes 08-1G24, 08-1G25, 08-1G28, 08-1G31, 08-1G32, 08-1G35, 08-1G38, 08-1G39 and 08-1G40, only 4 meters of 08-1G35, 18.6 meters of 08-1G38, 8.2 meters of 08-1G39 and 17.2 meters of 08-1G40 are described as “semi-massive” Copper and Nickel mineralization.
As such I would not expect to see many if any of the assays from these holes to exceed much over 1% Nickel as most of the visuals to date have been relatively accurate.
The DE3 (AT3) anomaly only had “disseminated sulphides”, and would not expect to receive any stellar Nickel or PGM’s from these drill holes.
The DE4 (AT4) anomaly was a VMS deposit with “barren sulphide mineralization” with “Minor visible copper - zinc mineralization observed”, and not likely to have any substantial amounts of Nickel.
This is not inclusive of the wide, high grade chromite discoveries found within the same DE2 assays, or peripheral rare earth mineralization’s, not yet assayed, if any.
The real story here is the “relentless pursuit”, as of the last press release the drilling progress looks like: AT2 7, 412 meters drilled, AT3 2,621 meters drilled, AT4 951 meters drilled, AT8 303 meters drilled, and these are only the ones we know of so far, which is over 11,287 meters of exploration not counting Eagle 1 (and I’m sure we are much further than that now…). This dwarfs all other exploration companies efforts combined in the ROF.
Exploration will take time and once the discoveries are located, and will take month’s maybe years to clearly delineate. I am not one who believes management is holding back anything from the SH’s, there maybe proprietary information withheld like geology finding etc. for JV or purchase strategies, but not drill data or assays that would help/hurt SP. When something significant is discovered, it WILL be reveled (IMO), and once it starts there may be a flood…
Albeit the Nickel and chromite assays received to date from DE2 are encouraging and should add to valuation eventually, I would caution against idealistic expectations (of the visual to date) which may lead to disappointments.
With the belligerence NOT is perusing exploration, indicates the leadership of their position in the ROF, the only companies that will participate in significant discoveries in the ROF, are the ones that actually put drills in the ground, and Noront is doing just that, they ARE on the hunt. SP reflects little at this point (for longs), you make/lose nothing until you sell, the drills continue to turn, and after the shallow targets are exhausted, the deeper targets will be pursued.
I would never suggest buy/sell strategies for anyone, and the current SP is disappointing for all, and even painful for some, but if participation in the ROF appeals to your intuition, well…
Not to mention the potential of WindFall…
</H3>
Re: DE2 Nickel
Posted on June 24, 2008 02:18AM
In response to: DE2 Nickel
I would like to point out what Mr.Nemis was trying to tell us back in Feb. 25 by reposting the first paragraph of the NR. The conduit of eagle one empties into the ring of fire at eagle two. Yes the grades were deluded because the stringers of sulfides were only 10 to 120 centimeters wide, deluded across the length of the intercept with the other minerals,not that the grades were not massive or semi-massive but deluded across the intercept so the not as good as eagle one because of the dilutions when emptying into the ring of fire.Now as they get closer to the mouth of the conduit and we get away from the stringing of minerals we should have a more continuity of minerals and with it better grades,IMHO. When the drills get into the conduit and trace it back to eagle one like i think they will , with time. If the conduit is only 50m by 50m by 2kms,well that would make it well over 20,000,000 tons.Now if there is pooling of ore , and there will be pooling of ore,well you can throw that 20,000,000 tons estimate out the window.Now this is what i always thought Mr.Nemis was trying to tell us, but this is just my humble opinion, everyone should always do their own DD. But reread the first paragraph again and make up your own mind.
TORONTO, ONTARIO - (Feb. 25, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to announce the discovery of a second massive sulphide occurrence located 2 kilometers to the southwest of its Eagle One magmatic massive sulphide occurrence within Noront's 100% owned Double Eagle Project in the McFauld's Lake Area of northeastern Ontario. "We are pleased to announce that semi-massive to massive sulphide mineralization has been encountered about 2 kilometers to the southwest of Eagle One, in what is believed to be a peridotite filled conduit of the Eagle One magmatic massive sulphide occurrence. Our new drill objectives are to focus on this new occurrence and also to complete drill testing several other high-priority geophysical targets within the Double Eagle project area," states Richard Nemis, President and CEO of Noront.
Here is an interview with Richard Nemis outside the TSX. Listen to this interview and it will give you an idea of where this stock is headed.
http://www.agoracom.com/executive/TS...
http://www.agoracom.com/executive/TS...
This stock got crushed again yesterday and actually dipped below the $3.00 mark, which triggered some panic selling....70,000 shares traded hands in the last 15 mins....Stock closed at 3.00...I hope evryone heeded my advice as I said you would be able to buy this stock back at below 3.00 if you wanted to and in the proces saved yourself some aggrevation.
NEWS - Noront Resources Ltd.: Windfall Project Underground Exploration Update - VISIBLE GOLD ENCOUNTERED IN RAMP
Posted by: AGORACOM on June 26, 2008 04:19PM
TORONTO, ONTARIO - (June 26, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) -
WINDFALL LAKE, URBAN TOWNSHIP; QUEBEC
Noront is pleased to report that its geologists on site report significant occurrences of visible gold at Windfall Lake; both in mineralized muck and in situ on the ramp wall on the westerly extension of the F-17 zone. The gold observed in the ramp wall was initially thought to be a thin plate extending over an irregular area measuring 1 cm by 2 cm. Upon removal for safekeeping, gold was found to form a film or mesh, permeating the host rock and exposed on broken surfaces for areas up to 8 x 10 cm.
An image of the sample from the ramp with appropriate scale bar, has been posted on Noront's website: http://www.norontresources.com/proje...
Noront is earning a 50% interest in the subject property, where the F-17 zone is located, from Murgor Resources Inc. ("Murgor") and Freewest Resources Canada Inc. ("Freewest") by spending $4.0 million in total. Noront can earn an additional 10% interest, for a total 60% interest in the project by providing a positive feasibility study on the project (see press release dated February 5, 2007). Noront has 100% interest in the adjacent claim group to the south and southwest where other gold zones targeted by the ramp are located.
The Windfall Property has previously reported excellent gold grades in both surface sampling and diamond drilling during exploration leading up to the present program. Based only on surface exploration, it has been difficult to combine drill intersections into continuous zones that may be amenable to development. The current underground programme is designed to recover bulk samples from several well-mineralized areas of which F-17 is the first to be reached.
The visible gold is hosted by a silicified, pyritic volcanic rock which forms the immediate hanging wall of a quartz breccia unit. The gold forms irregular plates that form part of the matrix in the granular-looking host rock. The gold occurrences reported herein are not expected to be representative of the gold mineralization at Windfall Lake overall.
The F-17 zone was discovered in 2004 and intensively drilled (4,800 m in 40 holes) in 2004. A further 16 holes (approx. 1,500 m) were drilled during the last three years. On March 18, 2008 Noront reported 143.3 g/t (4.18 opt) over 3.11 m(10.6 ft) between 9.73 and 12.95 m in NOT-07-175, a geotechnical hole situated approx. 70 m east of and approx. 35 m above the main ramp. Hole WIN-05-85 reports 3.8 g/t over 3 m approx. 10 m below the location of the visible gold. Two other holes (WIN-05-53 and NOT-07-114) report low grade intervals below WIN-05-85 but within 25 m of the visible gold occurrence on or in the projected hanging wall of the zone.
This encouraging discovery is an endorsement of the underground programme which was predicated on the assumption that surface diamond drilling was not adequately sampling the observed mineralization due to its non-continuous nature.
The mining contractor has been instructed to drive ore drifts short distances on F-17, both east and west of the ramp before advancing the ramp towards the NOT-06-100 area. The mining contractor operates under geological control during the approach to, traverse of, and drifting in mineralized zones. A variety of samples are taken to provide an initial estimate of grade, which will be reported upon when assays are received from the laboratory. Mineralized and partially mineralized rounds (approx. 200 t) are individually placed on a purpose-built "ore" dump under the direction of the geological team.
Mr. Nemis, President and CEO of Noront states "The Windfall Lake gold project in Quebec with the exciting gold samples encountered during our underground exploration program as reported upon herein is one of two main projects on which Noront is working at present. The other main project is the Double Eagle polymetallic project in northern Ontario, where impressive nickel, copper, platinum, palladium and chrome mineralization has been identified by drilling. Two diamond drills are continuing to delineate the Eagle Two Copper-Nickel-Chromite mineralization and one drill is testing other geophysical targets. We will be providing an exploration update on the Dougle Eagle project shortly."
Patrick Chance, P.Eng and John Harvey, P.Eng. are supervising the Windfall program on behalf of Noront. Bob Bryce of Abiting Inc. and Tracy Armstrong, P.Geo., of P&E Mining Consultants are consultants to the project, have reviewed the contents of this press release and are resident Qualified Persons from Quebec.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,804,783 shares issued to date.
Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NOT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
Posted by: AGORACOM on June 26, 2008 04:19PM
TORONTO, ONTARIO - (June 26, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) -
WINDFALL LAKE, URBAN TOWNSHIP; QUEBEC
Noront is pleased to report that its geologists on site report significant occurrences of visible gold at Windfall Lake; both in mineralized muck and in situ on the ramp wall on the westerly extension of the F-17 zone. The gold observed in the ramp wall was initially thought to be a thin plate extending over an irregular area measuring 1 cm by 2 cm. Upon removal for safekeeping, gold was found to form a film or mesh, permeating the host rock and exposed on broken surfaces for areas up to 8 x 10 cm.
An image of the sample from the ramp with appropriate scale bar, has been posted on Noront's website: http://www.norontresources.com/proje...
Noront is earning a 50% interest in the subject property, where the F-17 zone is located, from Murgor Resources Inc. ("Murgor") and Freewest Resources Canada Inc. ("Freewest") by spending $4.0 million in total. Noront can earn an additional 10% interest, for a total 60% interest in the project by providing a positive feasibility study on the project (see press release dated February 5, 2007). Noront has 100% interest in the adjacent claim group to the south and southwest where other gold zones targeted by the ramp are located.
The Windfall Property has previously reported excellent gold grades in both surface sampling and diamond drilling during exploration leading up to the present program. Based only on surface exploration, it has been difficult to combine drill intersections into continuous zones that may be amenable to development. The current underground programme is designed to recover bulk samples from several well-mineralized areas of which F-17 is the first to be reached.
The visible gold is hosted by a silicified, pyritic volcanic rock which forms the immediate hanging wall of a quartz breccia unit. The gold forms irregular plates that form part of the matrix in the granular-looking host rock. The gold occurrences reported herein are not expected to be representative of the gold mineralization at Windfall Lake overall.
The F-17 zone was discovered in 2004 and intensively drilled (4,800 m in 40 holes) in 2004. A further 16 holes (approx. 1,500 m) were drilled during the last three years. On March 18, 2008 Noront reported 143.3 g/t (4.18 opt) over 3.11 m(10.6 ft) between 9.73 and 12.95 m in NOT-07-175, a geotechnical hole situated approx. 70 m east of and approx. 35 m above the main ramp. Hole WIN-05-85 reports 3.8 g/t over 3 m approx. 10 m below the location of the visible gold. Two other holes (WIN-05-53 and NOT-07-114) report low grade intervals below WIN-05-85 but within 25 m of the visible gold occurrence on or in the projected hanging wall of the zone.
This encouraging discovery is an endorsement of the underground programme which was predicated on the assumption that surface diamond drilling was not adequately sampling the observed mineralization due to its non-continuous nature.
The mining contractor has been instructed to drive ore drifts short distances on F-17, both east and west of the ramp before advancing the ramp towards the NOT-06-100 area. The mining contractor operates under geological control during the approach to, traverse of, and drifting in mineralized zones. A variety of samples are taken to provide an initial estimate of grade, which will be reported upon when assays are received from the laboratory. Mineralized and partially mineralized rounds (approx. 200 t) are individually placed on a purpose-built "ore" dump under the direction of the geological team.
Mr. Nemis, President and CEO of Noront states "The Windfall Lake gold project in Quebec with the exciting gold samples encountered during our underground exploration program as reported upon herein is one of two main projects on which Noront is working at present. The other main project is the Double Eagle polymetallic project in northern Ontario, where impressive nickel, copper, platinum, palladium and chrome mineralization has been identified by drilling. Two diamond drills are continuing to delineate the Eagle Two Copper-Nickel-Chromite mineralization and one drill is testing other geophysical targets. We will be providing an exploration update on the Dougle Eagle project shortly."
Patrick Chance, P.Eng and John Harvey, P.Eng. are supervising the Windfall program on behalf of Noront. Bob Bryce of Abiting Inc. and Tracy Armstrong, P.Geo., of P&E Mining Consultants are consultants to the project, have reviewed the contents of this press release and are resident Qualified Persons from Quebec.
Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,804,783 shares issued to date.
Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to NOT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
A post from AB, this is why I remain long on NOSOF & wish I had more funds to buy more!
Eagles or Black Swans?
Posted on June 27, 2008 12:18PM
One reason for the low NOT.V stock price is that some potential investors believe the story is too good to be true. Fifty oz/ton gold at Windfall? Unbelievable! Over five percent nickle and PGM at Eagle One? Incredible! Very thick chromitite layers at Eagle Two? What the heck is chromitite and what is it doing in North America?
Some skeptical investor/traders may go no further in their due diligence, and falsely conclude the NOT.V story is extreme hype over very rare, but very small, lucky strikes into tiny ore bodies. If they ever invest in NOT.V, they (especially institutional investors) will wait for a 43-101 report before doing so.
I believe these people are being fooled by a "black swan": a highly improbable event that (1) was unpredictable; (2) carries a massive impact; and (3) after the fact is explained away to make it appear, in retrospect, less random and more predictable than it actually was.
The reality of "black swans," and why most investors/traders cannot see them, is the topic of: N. N. Taleb, "THE BLACK SWAN," New York: Random House, 2007. Taleb is a self-made multi-millionaire options trader. His Black Swan book was a New York Times best-seller.
Not only are NOT.V's Windfall and Eagle One, Two, etc. projects good examples of "positive" black swans, the entire McFaulds Lake area, in my opinion, is one huge, world-scale, positive black swan.
The best way to invest in a black swan event/process is to buy early, accumulate on dips in stock price, and hold for the long term when the reality of the black swan is finally recognized by the general market.
Eagles or Black Swans?
Posted on June 27, 2008 12:18PM
One reason for the low NOT.V stock price is that some potential investors believe the story is too good to be true. Fifty oz/ton gold at Windfall? Unbelievable! Over five percent nickle and PGM at Eagle One? Incredible! Very thick chromitite layers at Eagle Two? What the heck is chromitite and what is it doing in North America?
Some skeptical investor/traders may go no further in their due diligence, and falsely conclude the NOT.V story is extreme hype over very rare, but very small, lucky strikes into tiny ore bodies. If they ever invest in NOT.V, they (especially institutional investors) will wait for a 43-101 report before doing so.
I believe these people are being fooled by a "black swan": a highly improbable event that (1) was unpredictable; (2) carries a massive impact; and (3) after the fact is explained away to make it appear, in retrospect, less random and more predictable than it actually was.
The reality of "black swans," and why most investors/traders cannot see them, is the topic of: N. N. Taleb, "THE BLACK SWAN," New York: Random House, 2007. Taleb is a self-made multi-millionaire options trader. His Black Swan book was a New York Times best-seller.
Not only are NOT.V's Windfall and Eagle One, Two, etc. projects good examples of "positive" black swans, the entire McFaulds Lake area, in my opinion, is one huge, world-scale, positive black swan.
The best way to invest in a black swan event/process is to buy early, accumulate on dips in stock price, and hold for the long term when the reality of the black swan is finally recognized by the general market.
Problem is with great news about Gold yesterday AND Gold up HUGH the last 2 days what has the stock done?????? NOTHING is the answer....Opened at 3.20 and went DOWN all day from there...might even close RED.....unexplainable
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>3.09</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>3:39PM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>
0.01 (0.32%)</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Prev Close:</TD><TD class=yfnc_tabledata1>3.08</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Open:</TD><TD class=yfnc_tabledata1>3.20</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Bid:</TD><TD class=yfnc_tabledata1>3.09</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Ask:</TD><TD class=yfnc_tabledata1>3.14</TD></TR><TR class=end><TD class=yfnc_tablehead1 width="48%">1y Target Est:</TD><TD class=yfnc_tabledata1>N/A</TD></TR></TBODY></TABLE><TABLE id=table2><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Day's Range:</TD><TD class=yfnc_tabledata1>3.09 - 3.28</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">52wk Range:</TD><TD class=yfnc_tabledata1>0.29 - 7.42</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Volume:</TD><TD class=yfnc_tabledata1>296,390</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Avg Vol <SMALL>(3m)</SMALL>:</TD><TD class=yfnc_tabledata1>372,956</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Market Cap:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">P/E <SMALL>(ttm)</SMALL>:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">EPS <SMALL>(ttm)</SMALL>:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR class=end><TD class=yfnc_tablehead1 width="48%">Div & Yield:</TD><TD class=yfnc_tabledata1>N/A (N/A)</TD></TR></TBODY></TABLE>
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>3.09</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>3:39PM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>
As for the opportunity, while the odds and the amount of exploration spending still favor that we’ll see the discovery of at least one and maybe two monster deposits in this cycle (there are a couple of companies advancing projects with that potential), and early shareholders will make fortunes as a result, there has rarely been a better time to invest in junior exploration companies with modestly sized projects in good locations. That said, you should still be focusing only on projects with at least two million ounces, or the strong potential of same.
In other words, take the opportunity in these down markets to invest in the kinds of junior mining companies that major mining company might want to acquire… That’s where the big money will be made as the gold market gathers steam again
As for the opportunity, while the odds and the amount of exploration spending still favor that we’ll see the discovery of at least one and maybe two monster deposits in this cycle (there are a couple of companies advancing projects with that potential), and early shareholders will make fortunes as a result, there has rarely been a better time to invest in junior exploration companies with modestly sized projects in good locations. That said, you should still be focusing only on projects with at least two million ounces, or the strong potential of same.
In other words, take the opportunity in these down markets to invest in the kinds of junior mining companies that major mining company might want to acquire… That’s where the big money will be made as the gold market gathers steam again.
In other words, take the opportunity in these down markets to invest in the kinds of junior mining companies that major mining company might want to acquire… That’s where the big money will be made as the gold market gathers steam again
As for the opportunity, while the odds and the amount of exploration spending still favor that we’ll see the discovery of at least one and maybe two monster deposits in this cycle (there are a couple of companies advancing projects with that potential), and early shareholders will make fortunes as a result, there has rarely been a better time to invest in junior exploration companies with modestly sized projects in good locations. That said, you should still be focusing only on projects with at least two million ounces, or the strong potential of same.
In other words, take the opportunity in these down markets to invest in the kinds of junior mining companies that major mining company might want to acquire… That’s where the big money will be made as the gold market gathers steam again.
One thig that might be good for NOT.V is it is currently sitting at 3.00 a share if it breaks 3.00 margin calls begin and you shake out those on Margins...Hopefully leeting the MM pick up shares on the cheap and then letting the stock run if it has anything left in the tank...OR is it already tanked?
I hope most got out from this Anchor BELOW 3.00
We can post things from Agracom all day...The stock just goes lower each passing day...If you really like the stock...step aside and by it back in two months from now...It will be right around here and you'll have no risk.......Anyway to each his own...i;m only looking out for my fellow rx'rs....WHERE IS DOUG????
NORONT RESOURCES LTD
(Other OTC: NOSOF.PK)
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>2.9226</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>5:20PM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>
0.1127 (3.71%)</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Prev Close:</TD><TD class=yfnc_tabledata1>3.0353</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Open:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Bid:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Ask:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR class=end><TD class=yfnc_tablehead1 width="48%">1y Target Est:</TD><TD class=yfnc_tabledata1>N/A</TD></TR></TBODY></TABLE><TABLE id=table2><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Day's Range:</TD><TD class=yfnc_tabledata1>2.9170 - 3.1746</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">52wk Range:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Volume:</TD><TD class=yfnc_tabledata1>14,400</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Avg Vol <SMALL>(3m)</SMALL>:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Market Cap:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">P/E <SMALL>(ttm)</SMALL>:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">EPS <SMALL>(ttm)</SMALL>:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR class=end><TD class=yfnc_tablehead1 width="48%">Div & Yield:</TD><TD class=yfnc_tabledata1>N/A (N/A)</TD></TR></TBODY></TABLE>
We can post things from Agracom all day...The stock just goes lower each passing day...If you really like the stock...step aside and by it back in two months from now...It will be right around here and you'll have no risk.......Anyway to each his own...i;m only looking out for my fellow rx'rs....WHERE IS DOUG????
NORONT RESOURCES LTD
(Other OTC: NOSOF.PK)
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>2.9226</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>5:20PM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>
Here is a post from AB. I'm still holding for the long term, time will tell if it was wise or NOT. I'm 9 months into the 24 month time frame I put on owning this stock .Hopefully all the DD I put into this stock will have a big pot of gold waiting for me, sooner or later. Have a great & safe 4th of July weekend.
Just spoke with Richard Nemis.....
Posted by: Canseco on July 03, 2008 01:41PM
In response to: Just spoke with Richard Nem... by Canseco
I asked Richard if there was anything he could say that I could post on this board to reassure the NOT faithful.
He answered as follows: - (some of these are direct quotes, and some my best recollections)
He believes market conditions are part of the problem.
Then he said, the lack of news being released is another part. My impression was that this is the bigger part in his opinion. Then he said, "but that is about to change. There will be more information coming from the field."
He went on to say that Noront management had/has a plan, to develop the company. They are very satisfied with their progress regarding the hiring of "highly qualified executives, and other key personnel." He asks that we, "all be patient, and let them complete this plan. We are almost there."
They are concerned and unhappy with the share price, and are watching it....he was aware that Canacrap ( RN said Canaccord) is dumping today, and "have their own agenda."
Then I asked, "So, after everything you have just said, Mr. Nemis, are you as excited and confident in Noront's future as ever."
He answered, "I honestly believe".....the rest of this is not a quote, but accurate to his meaning......that things are very bright, brighter than ever. We have a great future and that will become apparent soon.
Richard seemed to be answering my questions with earnest, (dictionary says, "intensely serious"). I believe he was being totally honest with me, as he has always been. I believe he wished he could tell me more.
I know it is hard for all of us, (more so for those who bought in much higher) to see this ridiculous drop in price, but I believe strongly that if you are able to hang on, you WILL be rewarded.
Godd luck all, Canseco
Just spoke with Richard Nemis.....
Posted by: Canseco on July 03, 2008 01:41PM
In response to: Just spoke with Richard Nem... by Canseco
I asked Richard if there was anything he could say that I could post on this board to reassure the NOT faithful.
He answered as follows: - (some of these are direct quotes, and some my best recollections)
He believes market conditions are part of the problem.
Then he said, the lack of news being released is another part. My impression was that this is the bigger part in his opinion. Then he said, "but that is about to change. There will be more information coming from the field."
He went on to say that Noront management had/has a plan, to develop the company. They are very satisfied with their progress regarding the hiring of "highly qualified executives, and other key personnel." He asks that we, "all be patient, and let them complete this plan. We are almost there."
They are concerned and unhappy with the share price, and are watching it....he was aware that Canacrap ( RN said Canaccord) is dumping today, and "have their own agenda."
Then I asked, "So, after everything you have just said, Mr. Nemis, are you as excited and confident in Noront's future as ever."
He answered, "I honestly believe".....the rest of this is not a quote, but accurate to his meaning......that things are very bright, brighter than ever. We have a great future and that will become apparent soon.
Richard seemed to be answering my questions with earnest, (dictionary says, "intensely serious"). I believe he was being totally honest with me, as he has always been. I believe he wished he could tell me more.
I know it is hard for all of us, (more so for those who bought in much higher) to see this ridiculous drop in price, but I believe strongly that if you are able to hang on, you WILL be rewarded.
Godd luck all, Canseco
Another post from AB.
Neil Novak Conversation
Posted on July 03, 2008 02:27PM
Well, I had the pleasure of talking with Neil again. Neil is a lot more personable once you get to know him and he has a very good sense of humour. I enjoyed speaking with him very much. On to the good stuff. I asked genuinely if something was wrong with the company and his response was, no there is nothing wrong. I mentioned it is just hard as share holders to hold a company in such high regard to see the share price getting beaten down. I told him flat out that I am LONG on NOT and believe that the market is just a little impatient.
Neil mentioned that he believes the market wants to see the resource estimate. I told him he was bang on. He mentioned that there have been many releases with good info. but the market hasn't taken notice. He said very sincerely, that NOT's share holders are the companies number one concern, especially the "BELOVED RETAIL ONES". He was dead serious, and was not lying. They are working very hard on the resource estimate and hoped it would be out soon enough. In my opinion, we aren't more then a week or two off, but that is just my own take, it could be quicker or longer, no one really knows. Neil brought me up to speed on how the whole process works. It is as follows:
1. The engineers draft up the resource estimate and pass it back through Noront.
2. Noronts geology team critiques it and makes changes where they believe are needed.
3. Engineering re-writes the resource estimate to include any of the changes that Noront and the Engineers agree are applicable and re-submits it to Noront.
4. Noront more or less copies and pastes (my own take on this process) and adds it to Noront letter head and releases it.
Neil mentioned again that a chrome section would be added to it so management can finally have the proper documents in order to discuss more freely the significance of the chrome. One thing Neil did mention is that the chrome grades we released are as good or better than the average chrome mines that operate around the world. Many investors know this, and many don't. It is going to take the market some time to understand it which is the intent of the chrome section in the 43-101. Once completed they will be educating the market as to the significance.
I asked how Eagle 2 was going and he mentioned they are still drilling it and could be for a few more months. I took this as a very good sign. Neil said they were following a conduit down to where they believe the pool of sulphides are. Drilling will tell if they are correct. I think they will be. It is my own personal belief that Eagle 2 will eventually be very, very significant, which is why they could be drilling it for a while longer. No one drills something for 6 to 10 months because they think it is worthless. Neil said he hopes to have results out soon for the progress on it. He mentioned that the chrome takes a little longer than just normal assays.
All in all it was a very good conversation and I thanked Neil for taking the time. Although I am not at all happy with the current share price I do believe management is as upset as we are and probably more. I am LONG NOT so the daily fluctuations really don't matter much. I think once the resource estimate is out it will push our share price back to much more reasonable levels and take away the "unknown" factor that the manipulators are preying on. I, like Canseco, had a sense that Neil would have liked to say much more, but he simply can't.
I am certainly not giving investment advice but I think buying at these levels will prove to be a very wise decision. I see us at a bare minimum being worth double the current price excluding speculative value. I will be buying as much as my funds permit me to. Take care all and good luck, just a matter of time IMO.....
Neil Novak Conversation
Posted on July 03, 2008 02:27PM
Well, I had the pleasure of talking with Neil again. Neil is a lot more personable once you get to know him and he has a very good sense of humour. I enjoyed speaking with him very much. On to the good stuff. I asked genuinely if something was wrong with the company and his response was, no there is nothing wrong. I mentioned it is just hard as share holders to hold a company in such high regard to see the share price getting beaten down. I told him flat out that I am LONG on NOT and believe that the market is just a little impatient.
Neil mentioned that he believes the market wants to see the resource estimate. I told him he was bang on. He mentioned that there have been many releases with good info. but the market hasn't taken notice. He said very sincerely, that NOT's share holders are the companies number one concern, especially the "BELOVED RETAIL ONES". He was dead serious, and was not lying. They are working very hard on the resource estimate and hoped it would be out soon enough. In my opinion, we aren't more then a week or two off, but that is just my own take, it could be quicker or longer, no one really knows. Neil brought me up to speed on how the whole process works. It is as follows:
1. The engineers draft up the resource estimate and pass it back through Noront.
2. Noronts geology team critiques it and makes changes where they believe are needed.
3. Engineering re-writes the resource estimate to include any of the changes that Noront and the Engineers agree are applicable and re-submits it to Noront.
4. Noront more or less copies and pastes (my own take on this process) and adds it to Noront letter head and releases it.
Neil mentioned again that a chrome section would be added to it so management can finally have the proper documents in order to discuss more freely the significance of the chrome. One thing Neil did mention is that the chrome grades we released are as good or better than the average chrome mines that operate around the world. Many investors know this, and many don't. It is going to take the market some time to understand it which is the intent of the chrome section in the 43-101. Once completed they will be educating the market as to the significance.
I asked how Eagle 2 was going and he mentioned they are still drilling it and could be for a few more months. I took this as a very good sign. Neil said they were following a conduit down to where they believe the pool of sulphides are. Drilling will tell if they are correct. I think they will be. It is my own personal belief that Eagle 2 will eventually be very, very significant, which is why they could be drilling it for a while longer. No one drills something for 6 to 10 months because they think it is worthless. Neil said he hopes to have results out soon for the progress on it. He mentioned that the chrome takes a little longer than just normal assays.
All in all it was a very good conversation and I thanked Neil for taking the time. Although I am not at all happy with the current share price I do believe management is as upset as we are and probably more. I am LONG NOT so the daily fluctuations really don't matter much. I think once the resource estimate is out it will push our share price back to much more reasonable levels and take away the "unknown" factor that the manipulators are preying on. I, like Canseco, had a sense that Neil would have liked to say much more, but he simply can't.
I am certainly not giving investment advice but I think buying at these levels will prove to be a very wise decision. I see us at a bare minimum being worth double the current price excluding speculative value. I will be buying as much as my funds permit me to. Take care all and good luck, just a matter of time IMO.....
