Good morning. Well yesterday was another wild ride in the major indices with some wild swings as the market looked for direction. The positive thing was the major indices did finish on the plus side for a change. However today looks like we are in for another down opening. Tough markets for those with weak stomachs.
Yesterday NOT announced the closing of its previously announced PP. Some very big names in the mining business showed up on the list of placees. Looks like deja vu to the names on BMK's last PP. We now have a glimpse at a common theme here, we can see which group of big name miners are interested in the McFaulds Lake area. Do these guys have a vision that this is Canada's next big mining discovery? NOT's share price responded well to this news, as it appears we now have a floor share price due to this PP. It will be interesting to see if NOT's share price, gains strength on the back of having the who's who in mining involved.
The rest of the McFaulds Lake stocks other than NOT aren't doing much to keep the area on investors must own list. This play needs some knock your socks off assay news or visuals to get the herd interested again.
Good luck to all McFaulds Lake investors.
Al