Before you throw your shares away.
posted on
Dec 14, 2009 01:13PM
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)
If you look at the price history in Sept. of this year you will see Noront trading in the $2+ range.
2009-09-15 | 2.190 | 2.320 | 2.150 | 2.260 | 746,398 |
2009-09-14 | 2.420 | 2.420 | 2.170 | 2.190 | 1,231,999 |
2009-09-11 | 2.470 | 2.540 | 2.390 | 2.460 | 1,255,331 |
2009-09-10 | 2.230 | 2.400 | 2.190 | 2.380 | 1,111,943 |
2009-09-09 | 2.160 | 2.240 | 2.150 | 2.230 | 496,154 |
2009-09-08 | 2.020 | 2.220 | 2.000 | 2.150 | 829,883 |
2009-09-04 |
On, Sept. 15 Noront released some results and closed at 2.26. Look at the volume and price movement prior to the Sept. 15 news. The volume on the 10th of sept. shows leak leak leak. Shortly after the share price starts to drift down. Leak leak Leak again. Some know that Noront is making a play at FWR. I have yet to see a price go up after an announcement like that is made for the pursuing stock. The stock being pursued goes up.
Prior to the Oct. 5 announcement of Noront's desire to takeover FWR we were over the 2 buck range. The market based on Sept. 15 news felt we were worth over 2 bucks.
Since then what has happened. We have 4% fwr shares have an idea of what our chromite is worth, have a major out there to foot some infrastructure bills and have more public awareness on our deposit. And WE have the fantastic VALUE ADDING NEWS BELOW THAT SHOULD HAVE ADDED TO OUR SEPT.15 SHARE PRICE
Please see below. Are we being led to believe ONCE again that the NR's below have NO VALUE>? sorry for gaps below in spacing but I wanted to bring out only the deposit increasing NR's not the FWR bla bla bla. I just re-looked at some of these NR's Wow.
Look again at Nov.19 NR. , then look at today's shareprice. Talk about undervalued!