Love him or hate him, I could not resist pasting this post from him on SH. Just though some people might be interested in his rant.

Rage Against The Machine

BK you are a gentleman and a scholar. In the true spirit of manners and civility, I thank you for your honesty and I apologize for my sometimes shameful bashing which, contrary to popular and conventional thinking, has NEVER been intended to manipulate the stock down through my posts.

My emotionally-charged bashes have been a direct (and non-too-civil) attempt to offset the mindless disinformation that has cropped up in all the chatrooms (SH and AG) and in the downtown Toronto bars and restaurants since the knews of the #5 hole came by way of the visual description of the core, not the actual press release that gave the assays.

When I observed that holes 1,2 and 5 all came from the same set-up and that 3 and 4 were stepouts that blanked, I grew very, very suspicious. Immediately following that, IBK was hired; AG was hired (which I soon realized was nothing more than a means to censor the discussion and keep the longs pumped up), I quickly realized that despite very promising early results, the market cap had been managed beautifully thus allowing the big funds like Rosseau and Pinetree and Sprott to attempt to engineer a "float-lock" on the deal.

The gamble was a "big-stakes gamble" and if those Big Boys could hold the massive positions in NOT long enough for Novack to deliver another #5 hole 200 metres away, they would then have the WORLD as "believers", including me. At that point, the Big Funds would have a slam dunk, takeover play and they would OFF their positions into the wonderment of another #5 hole and XStrata or CVRD swallowing their holdings and the PERFORMANCE of their funds would go "off the radar screen"!

However, thus far, they have not delivered "such", and I grew even more suspicious when JPM was retained last week because that reeked of desperation and based on the slide in the stock since that announcement, and I posted this the day of the JPM announcement, "If they had drill results to confirm the tonnage, they wouldn't NEED JPM...". I stand by that remark.

The more I hear and read about the "Ring of Fire", the more insane I become because this is an area where all of the participating companies have been exploring for (granted) VMS ("volcanogenic massive sulphides") for a few years. Indeed, there have been a number of small rich but sub-economic discoveries, when you compare the market caps of the "wannabe's" (you know all the names), which rose to dizzying and unfathomable heights in the furor of the #5 announcement, what leaps off the page (at least to me) is that what started out as a really exciting EXPLORATION play transformed itself into one of the most classic promotions that I have EVER witnessed.

So I made a very difficult decision after the #5 hole was announced and told everyone in the AG forum that I was a seller. I sold half my one million shares between $4.35 and $5.85. I then awaited the much-touted and pumped-up AGM (You remember all of the hype, Bravekind, leading up to that meeting) - theme song being Johnny Cash's "Ring of Fire" (gimme a break) - and when the stock failed to to what EVERYONE on Bay Street SAID it was going to do, I sold the balance. The profit was a tad south of $5M. I was content. I had made more on DFR and MPV in the 90's, but I was content.

I also advised people that I was extremely concerned about "market conditions". That was BEFORE the sub-prime mess appeared. There were about four different bullboard sites where I posted my concerns but I was jeered and hissed and taunted into oblivion and I was actually BOOTED from AG! Why? NOT PAYS AG for "content control" so as you remember, I was taking on ALL of the "mindless bulls" at $6 and $6.50 and $7.05 and saying to all of them "We don't yet have the DATA to SUPPORT a $700M market cap - be careful!" and then I got "He's trying to scoop your shares!" and "He's a paid shorter/basher!" and "He works for Goldman Sacks!" and this and that and I finally lost it one night and told AG what I really thought of their "ill-advised" censorship and the next day - BOOM - suspended privileges. End of rant.

Here is where I stand on Noront twenty short days before Christmas:

1. The potential is still there - no question.

2. The early discovery holes - 1,2 and 5 - were magnificent and truly deserved to propel the stock to $7.05, especially the way they were delivered and orchestrated to the investing public.

3. I think that DE is wide open to depth and that gives it tonnage "potential".

4. Some EXTREMELY bright minds from a geological perspective would LOVE to get their hands on this discovery - that is to say - the current drilling plan has been flawed, to say the very least.

And lastly, and the MOST important of all...

5. Market condtions are most defintely hostile. Having said that, I am amazed that NOT isn't trading at $3.00. The fact that it s still in the mid-$4's is a testimonial to two things: 1. Dick Nemis and his ability to promote the stock (which has been superb) and 2. the potential of NOT to deliver follow-up, tonnage-delivering results that shuts me up and turns me into the biggest pumper and buyer you will ever witness, but ONLY if the RESULTS dictate such.

Now, BK is a Noront shareholder; I a not. He has an opinion as do I. Cut us BOTH some "slack" and start filling this Bullboard with SOLID COMMENTARY, commentary that helps us ALL make a decision.

Final opinion: When  Noront topped out, the entire junior mining sector topped out; NOT is the fearless leader in our entire sector. I am flat the stock but I am here to tell you: No one is pulling for Noront MORE than I am.

If I miss my $3.00-$3.50 entry point, c'est la vie. I actually HOPE that I do. If they announce results that take it to $8 on the opening, I'll be cheering from the front friggin row.

That is MJ's position and thanks to BK for the kind and honest post.

MJ