Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: halt doesn't make sense

halt doesn't make sense

posted on Sep 10, 2008 11:53AM

I agreee with a lot of the posters here.

Why halt over this news???? What was Peter Smith trying to accomplish?? The TSE was set to be up today and this news was released? Today? Why not keep drilling. The idea that the price dropped too much and the venture exchange was pressing for an explanation makes no sense to me.

I can take many examples of destruction in the past little while.

Let's pick EQN. Take a look at the chart. No bad news but it was at 4.00 at the end of august and yesterday hit below $2.80. It's now up a bit. Over a three week period this stock dropped about 66%.

Now let's look at FNC. At the same time frame we went from $1.75 to 1.12. A 64% drop. Why demand an explanation here?? Why not demand it from EQN and a ton of others that got killed in the commodities, gold/metallic mining group. There is something very fishy here and makes me hold me ROF stocks even tighter!

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