Yep! Nor did he give the company anything too concrete from what I heard.

I've been a subscriber to Larry's letter for many years and I have a great deal of respect for him. He's one of the few that I've been told will not ask for warrents or shares in exchange for his write ups.

He favors companies who deal with certain IR companies such as Vanguard Solutions. Also, as he said at PDAC, he's favoring companies that are consolidating regions by merging with other companies and you can see that some of the plays he's been most favorable towards have been doing just that, such as Lero Gold.

I'm a little ticked with how he handled NOX but in fairness I wouldn't want him to make decisions based on what his newsletters wanted. It just seems odd the way he went about it. Why not just downgrade to a 2b or 2bb with a statement of concern. It was very harsh and came at a bad time for the company so it hurt his subscribers. In the past he said publically that he wouldn't do that kind of thing. I was in a q&a session in 2006, I believe where he said as much because he didn't want to see a rush out the door.

Besides that, it's also quite apparant that he didn't do his proper research. So perhaps there was some other reason? Maybe he heard something he didn't like? I even wonder if he didn't make a mistake and then afterwards didn't want to own up to it.

I can add that Larry and Jay Taylor are usually on the same page but Jay still thinks highly of Niogold and recently re-endorsed the company. So go figure?