"Considering that Probe just lost, in one day, one half their share value on the market maybe Noront being down a bit isn't so bad.
It's hard to imagine that there are some long on Probe who are still trying to put a positive spin on the news release. Bad exploration results are bad results and the market is brutal.
If Probe indeed plans to do no more drilling until the Fall then it's hard to image them recovering from this sell off OR that it is over."
Agreed. Probe was raped today and likewise NOT. Both are being taken advantage of for lack of news/good news. Probe simply had some seemingly unproductive holes. Name a company that hasn't had them. Accumulation will take place on PRB stock but without forseeable good news, it is likely to drop further until then. It still has great potential but now it can be had for a song. The market is just a smokescreen for this activity. The fear buttons have been pushed.