The problem is NOT just with NOT.
It is probably best that we don't get results this week.
VMS, whose high was $1.55+ in the last year, just reported outrageously good news. Up to 16 % copper and including 33 meters of 10% copper.
The result?
Price moves to .85 then quickly plummets back down to .74
No one is getting any respect in our sector these last few weeks.
So, you can take it out on Noront if you want, but I think you need to dig a little deeper. This is a market problem and so a market opportunity.
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VMS news release:
VANCOUVER, BRITISH COLUMBIA, Jul 3, 2008 (Marketwire via COMTEX News Network) --
VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report on its ongoing exploration program at the Reed Lake Discovery Zone near Snow Lake, Manitoba.
Reed Lake Drill Hole Highlights:
- RD-08-38 Intersects 35.81 metres (117.49ft) of 2.22% Copper
Including 12.10 metres (39.70ft) of 2.92% Copper
- RD-08-39 Intersects 13.88 metres (45.54ft) of 3.56% Copper
Including 4.10 metres (13.45ft) of 7.67% Copper
- RD-08-41 Intersects 33.46 metres (109.78ft) of 10.36% Copper
Including 18.08 metres (56.04ft) of 13.03% Copper
Including 5.00 metres (16.40ft) of 16.30% Copper