What do you think?
posted on
Jan 10, 2008 07:20PM
I wonder if the very expensive lessons learned from the past with greedy penny stock scandals are to be avoided at all cost could offer a possible explanation as to the lack of follow through in Noronts stock performace. For example, Cartaway Resources based on a good core visual increased from $4.20 to $26.00 in one week only to fall back when the assays came back a bust; what do you think the promoters were doing when all the buying was taking place? Yes, they were selling making a killing. There were many examples similar to Cartaway such as Timbuktu Gold, BreX, Naxos Rersourses etc ,where too many investors got hurt by the promotions of it executives creating a spectulative bubble only to burst wiping out the wealth of investors. I am not saying that Noront management fits this catageory as they have proven otherwise. Could it be until such time that Noront is an absolute 100% bonifide mine would it be endorsed publicly by the Sprotts and Canaccords and others in the investment world because someone is telling them, again due to the lessons of the past. It is certainly not because they do not believe in Noront as some of these investment houses own large portions of the company they are attempting to hold down the price. Or are they using creative accumulation strategies prior to an expected leg up knowing more information then all of us. Could it be? I don't really know. Just thinking out loud for any reasons as to why the price is lagging knowing we have something very special here.