This reporter was incorrect in his statement. These are the type of reports that cause havoc with stock prices. I wish there was a way to control incorrect or incomplete information in news releases. He should have indicated there was no real news except that the assays were being studied and a confirmation by Noront that there was significant findings in the cores should have been reported instead.
Sept 20/07 News Release
http://telegraphjournal.canadaeast.com/business/article/77481
Mining
Noront down after Double Eagle results
TORONTO - The Noront Resources Ltd. (TSXV:NOT) stock-price bonanza encountered a setback Wednesday with the release of new drill results from the Double Eagle project in the James Bay lowlands of northeastern Ontario. Shares in MacDonald Mines Exploration Ltd. (TSXV:BMK), which has holdings in the same area and had jumped with Noront's previous news, followed its stock price downward, turning over one-day volume equivalent to about two-fifths of its total shares. Temex Resources Ltd. (TSX:TME), another participant in the region, fell even more. Noront shares, priced at $4.05 before trading was halted Friday pending news, lost 48 cents or 12 per cent to $3.46 at late afternoon on the TSX Venture Exchange.
