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: Trading Suggestion

Trading Suggestion

posted on May 27, 2008 04:19AM

It's obvious to most of the forum members that Noront is both due for news AND a run up in share price.

Now it's likely more than a few of us have pawned the guitar to buy as many extra shares as we possibly could at the bargain basement prices going lately. It's also not unlikely that some of us even tapped into margin etc. to take advantage of pricing.

So it follows that some 'long' investors will be looking to lighten up, take some profit and retain core holdings. Maximizing such profit is going to require calling the market's acceptance of the news released that starts the price movement. Puttng aside the obvious, it depends upon the news and extent of the news, what can we expect? Personally I don't see a one day rally but a rally over several days. Sellling too soon could cost 'big time'.

My feeling also is that Noront will follow up with more news quite quickly which should keep the pot boiling. There is just too much going on not to expect followup news on exploration as well as deal making.

To sum up I'm suggesting not to pull the trigger too fast, we've gone through some tough and frustrating weeks so make the fence sitters who will soon want your shares 'pay thru the nose for them'.

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