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Message: Effect of News Releases on share prices

Effect of News Releases on share prices

posted on Dec 03, 2007 07:06AM

The past 3 days trading seems to indicate an unwillingness on the part of investors to pay the asking price for Noront Shares. Market is valuing NOT a lot lower than die hard fans are. I'm a bit concerned that if news from Noront isn't pretty spectacular we could see a repeat of lower market pricing after the news comes out.

The same isn't likely to hold for other juniors in McFauld area since they don't yet have that huge valuation built that Noront has. The pricing of there shares by the market has more to do with expectation than one or more will turn up deposits similar to what Noront has found. Investors expect the other juniors have 3 to 10 fold potential share price when they turn up mineralization.

Hope I'm wrong and good news, as opposed to spectacular news, will bump up Noront's valuation. 

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