Re: Is this an opportunity for NOT to buy back some shares?

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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mustangman

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Re: Is this an opportunity for NOT to buy back some shares?

in response to

Is this an opportunity for NOT to buy back some shares?

Crazy Horse

posted on Sep 17, 2008 04:16AM

Good thought...I'm thinking this is likely the last thing on their minds at this point. You have a better chance that they will try to jump to the TSX. I think they have to hold a certain share value level for a predetermined time in order to accomplish this and they aren't at that level presently (I thought it was around 3.00 but I'm probably wrong).

I'm sure the TSX jump will happen and it will be good, but it won't be exceptional like many think it will as far as enhancing the stock value. What it does do is give a stronger base to the price. An example that says anything can happen in any exchange would be Pinetree over the last couple of years. On the TSX, doing great and then busto, and then it was to be booted off the TSX (for some unknown reason it appears to still be there at 90% loss from its pre-crash price).

It all has to do with the company and its abilities to hold its investors. I think Noront has been able to accomplish this. During bad times there is always some moaning, but we've been very strong on this board.

A note: I've always wondered how much the members of this board own of NOT. Percentage wise I mean. We'll never know, but man I would love to be able to effectively crush the shorts with the members of this board working the price against the shorts. Ohh..scary....I need more sleep...Nightmares with eyes wide open.