HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Misfit's Midnight Musings

Misfit's Midnight Musings

posted on Sep 20, 2007 08:24PM

Hi All!

Just thought I'd stop in and thank everybody for the excellent posts today. Welcome to the new posters. I know how hard it is to get up the courage to post. It took me two months of watching and reading before getting the guts to post on stockhouse. Now they can't shut me up.

The only thing I post lately on SH is some bashing of bashers. I take direct quotes from their many posts and put them into "Best Of" lists. Takes some work but I think it is important for people to see that many of these sly, often persuasive posters (not Guts4glory ind you) have a hidden agenda long term. They are often professionals looking to create doubt and confusion in people.

I have also seen shameless pumpers at work at different blogs, and must admit have lost some money believing what they have to say on some other stocks. What I appreciate about this forum is that while we are all hopeful (for good reasons), the positive posts are backed up most of the time with history and facts. Now we have a good place to discuss these things without the constant "noise" of the bashers. Kinda like what we had on SH until mid August.

I caught sight today on SH of one of the most influential bashers on SH. He goes by different names but I know his writing style and can spot him a mile away. Most of his names refer to either Bobo or Obob. He is more than a paid mule basher. He is a very connected, intelligent basher who can get in people's heads.

Most of his power is in his ability to get people to believe he can predict the future. In reality, he just states what the hedge fund he works for wants him to say. That the price will go down for some reason he invents. He has been a constant thorn on the TAH board, but appeared on the NOT board in December when the stock was trading 20+ million a day. The moment he appeared in the early days after Hole 100 at Windfall, I went home and said, "Uh Oh, bobo's back". Two days later, the stock went from .92 to .68. I believe a lot of this was due to downward pressure due to naked shorting and crosses which some of these hedge funds orchestrate. Sure they get some people to sell on the way down (to shake shares), but the main motive was to keep the price low for the pending PP last December. The best Richard could get out of the PP was .50 hard shares and .75 warrants. I believe a lot of this price had to do with the shorting.

Am I complaining about the PP? Of course not. Richard banked the 15M for Windfall, and though we diluted from 60M to 90M (120 with warrants), the company is much stronger in the end. It also allowed us to accumulate shares at very low prices throughout the year. As I told me wife tonight, nobody who bought NOT shares in the past for $1.07 or less has lost any money unless they sold.

I remember one poster last November. A woman who seems like an active trader. She had purchased 250,000 NOT shares at .42 three years ago during a run up. This was based on the advice of somebody in the mining industry that she trusted. She held onto the NOT shares for over two years, before finally getting tired of hearing "we're almost there with Windfall". She sold most of those shares at .165, and the other part when it hit .46 the day after Windfall broke. I cannot help to think that these shares are worth over a million dollars today and all that was needed was less than another year of patience. But everybody has their reasons.

Drilling and assays take time. This is not a casino where cards are dealt every minute. This is a business where documents must be signed, NRs reviewed, drilling coordinated, assays recorded, sorted and reported, bills paid, and shareholders updated. I cannot imagine the stress Mr. Nemis must be under. Windfall was expected to take time. Double Eagle just happened on the first drill hole. Now he has two projects to balance at the same time. This is why he has been wise to seek external help through Agoracom and IBK Capital. This little 7 person company is quickly growing.

I recently posted and gave a word-up to my friend who introduced me to NOT last year. He owned a 100K shares at an average of under 15 cents early in November 2006. I had taken a beating on TAH and he told me about Noront. To make a long story short, he sold at 1.68 last week after the firest halt was lifted. I felt bad that he missed the latest action. He called me today saying that he purchased 92K shares at $3.30 yesterday. He sold a property in record time during the halt and borrowed some cash. Today he called to ask my advice as he had made over 100K in less than 24 hours and wanted to know what I thought. I told him to hold on. Hole 5 is just the beginning. And then there is Windfall. Gold hit a 28 year high today at $735 and NOT's Windfall and Mexico are all about gold. While there is some risk, there is a huge upside. He will sell a percentage along the way at set points due to his overall exposure (the guy is 26 after all). But a large portion will ride until we hit some good double digit numbers.

My friend stands to make a lot of money for such a young guy. I told him about the AGM coming up and May and he offered to fly me out with him if NOT hits $5. I told him that if NOT stays above $5 as of the Canadian Thanksgiving Monday, then I will accept. We both would like to meet some of the many longs on here who will be in attendance. Maybe we should hand out name tags with our online handles... lol. What I really hope to do is check out the Windfall core for myself. The picture on my wall at work does not do it justice.

Anyway, enough babbling for one evening. All the best tomorrow everybody. Remember, if the price drops it does not mean people have lost faith. At this point the large money houses are in charge. I think we saw a glimpse of that today with all of the selling into the bid that Canseco mentioned earlier. Though they tried to keep it down the run up at the end proved that nobody wanted to go into another Friday (when Noront historically loves to announce great news) without some shares. Tomorrow will be a very interesting day to see how we close. I just hope we don't halt again for more than a few hours if it does happen. I cannot take a halt over the weekend :)

M1.

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