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Message: Not much movement in a good senior market

Not much movement in a good senior market

posted on Feb 19, 2008 09:18AM

McFauld Lake players all drifting sideways in a generally good senior market. Only Noront and FNC down slightly in response to a weak news release from Noront.

My take on this is that once again the market is looking at Noront results to lead the play and pretty indifferent to the release of infill assey results. The new rhodium assay news might be nice but results no higher than expected, maybe bit lower.

Fortunately the general market might not be aware that Noront has been for a while now test drilling anomalities away from DE 1. Since you can count on them releasing visuals on exciting cores it's obvious they haven't found anything yet. Or at least seems that way to me.

So what about comments or rumours that Noront's camp has been on some kind of 'lock down' to prevent rumours or news leaking? Nothing in the news release that would have justified extra security.

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