Here is another quote from your post:
You probably are in close contact with the company, so you had to know no news was coming our way and the sp would languish, you were very very silent that time. Now you are back in, posting blue sky all the time and trying to get rid of any negativity towards "your investment". To me this is all very obvious.
I was very close to management when RN was in there. I also had a few sources that had some rumours...some turned out to be true, some did not. Now, the new management is closed off, my conversation with Wes was my first phone conversation with Noront management since RN was still CEO. My sources have dried up as the camp has become much more professional and have clamped down on info-a good sign in my opinion.
So what made me sell my position in early March to move onto other plays? Well, first, the company admitted that they were going with only 2 or 3 drills during break-up and were mostly going after Chromium to finish the 43-101 on it. Chromium is not something the market is excited about so this did not excite me either in the short term.
There were also signs that the general markets were hitting bottom and were about to have a serious jump up. So I took a chance and sold my NOT and moved into plays like NCX, OPC, NAL, HLB, CKM, HRG, IVW and a few others...however, all this time, I kept a close eye on NOT for any news or oversold conditions.
We have news now that the drilling on the Chromium is finished which is good since the market, at this time is not giving us any value for it. This is also good because it means we are going back to nickel. We have been drilling under Eagle 1 for about a month now and could get visuals at any time on this. We continue to drill AT12 which is a very interesting nickel target. We are hitting VMS targets with our JV on the northern rim. The CEO has told me we have 2 NRs coming next week. We have had a very big push down on the SP and a sleu of new bashers on the site...IMO, this all points to a reversal of this downward trend.
My target earlier of somewhere between 0.75-0.85 was what I consider a very minimum trading range as this is the range around the options given out to our Co-CEOs. However, I still believe this is a stock that can return to previous highs very quickly and I have no intentions of missing that ride.
The only legitimate negative I have about this investment at this time is that I have not seen any insider buying. If that happened, it would give me even more comfort in my investment. However, I am comfortable enough with the rest of the story to go ahead and load up on this company and I have encouraged my family, friends and followers to do the same. I put my name on the line when this stock had a MC of half a million and more...at 94M MC, this is a no brainer for me to recommend and yes I am being obvious about it!
This is not financial advice, do your own DD of course,
Glorieux
