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: Re: 20¢ Drop
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May 02, 2008 09:52AM

Re: 20¢ Drop

in response to by
posted on May 02, 2008 10:07AM

They sold stock at market!! Why?...maybe they were happy with what they made after a considerable run up, maybe they are manipulating the price lower, maybe they found a better opportunity short term and moved on it. It is of no consequence in the big picture.

I say short term because I believe in the medium to long term, the ring of fire is in a class by itself. We may see some more drop and back and forth movement on SP till the next NR but this range $4.90 to 5.20 at least is a little more representive of current value than the 4.30 range and I would expect the stock to stay in this range until news comes out. If news again is delayed past 2 weeks, we will probably drift lower again but this does not change the medium to long term value of this great company and the ROF area.

Have a great weekend everyone,

Glorieux

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