I spent the last week in Vegas for my 40th Bday and I have to admit...I did not look at a computer all week and it felt great!!! I did keep an eye on the SP once a day and was surprised to see it this low. What happened??? Then I get here and Milsy says this is his last post!!! I truly hope that things turn around both for our SP and for Milsy who has been a pillar on this board for a very long time.

I looked at the house positions tonite. I did not find anything dramatic. Cannacrap and Commission direct (retail from Quebec) were the biggest sellers. Dundee (94.7K), Wellington (10K) and Penson (4.1K) were all net buyers. Their reduced aggressiveness in buying/accumulating could reflect many things but the main thing is they are not selling out there position and that is a big plus. Anonymous was a net seller but only 8.1K shares so no big hidden exodus there either.

We are in the midst of questionning how strong this global recovery is going to be and will we see a W recovery and I believe this has some players putting some cash on the sidelines as a hedge against this possibility. Oil is still maintaining near $70 which is bullish IMO. Gold is maintaining very well also. Copper is slipping a little but still near 1 year highs and no where near the lows of last fall. So will we see this W recovery, possible but the waters are too merky to tell IMO.

Have the markets come too high too fast? This is a more likely scenario and we may see some more profit taking there which could put more pressure on our SP.

For Noront, I do believe we are oversold and will have a bounce back without news and this would set us up for the next NR which should be out in the next 2 weeks. If news is delayed longer then that, it would make me nervous about how big lenses b&c are turning out to be as management has promised us much more regular updates. The lack of buying this week was also dissapointing as it may signal that the cross country promotional tour did not yield great results. However, it is probably still a little early to come to that conclusion. Let's see what this week brings.

GLTA,

Glorieux