Think about this for a minute.....the last news article from BMK....where is their focus?
"If the impending Freewest shareholders meeting scheduled for January 25, 2010 approves the Cliffs - Freewest transaction then MacDonald Mines believes that this will be the tipping point for renewed exploration in southern James Bay. The total quoted investment required to develop the chromite mine is in the order of $1.5 billion with infrastructure estimated to comprise $700 million of the total. This significantly changes the economics for other potential discoveries and exploration companies such as MacDonald Mines can now encompass a broader range of targets."
Now, compare that to Noronts latest news release where the focus is on Native blockades and stock options.
I have to say....they are certainly looking out for their shareholders....the major one's that is. We sometimes confuse the fact that we too are shareholders ......who have competing interest with other much larger shareholders.
For instance....for me to load up....that would mean maybe 10,000 shares. I could easily fill my order without moving the stock price. For them to load up would mean millions of shares. Therefore, they are granted special opportunities to get in on PP's and heads are turned as they manipulate the stock down in order to load up without much movement in the share price. This to me requires a certain amount of cooperation from management. It seems to me that this managment team is very willing to oblige.
Now, what to do?
I think that the stock will be higher some day than where it is now. Therefore, in the event the stock gets pounded down, I will not be a seller; rather I will be buying more (loading up). If on the other hand the stock goes up as institutions bid the price up, I will likely sell some that I purchased around these prices recently (taking some profit). Not so much a gut thing....more of an investment strategy...
.....with no emotion.