Re: Hi Snezzer
in response to
by
posted on
Jun 06, 2010 10:55AM
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)
" Its not as easy as you say, you cannot just hit the bid and ask. If you try, your institution will phone and tell you to cease that kind of trading or they will suspend your trading privileges."
I know some people do have these types of accounts. I do not!!! I use BMO Investorline and can trade whatever I want, as much as I want ( if I have enough cash and collateral ), and nobody can challenge me. I am free to trade at my will without the BMO having any liability. I am fully responsible for my actions. I can hit the ask if I'm buying or the bid if I choose. The only warning I get is if I want more than is offered. But I still can proceed if I wish.
I am 100% with what Sneezer wrote. If you want to take him out of context, then you can make an argument. I am not a beginner at investing so I've heard many, many theories ( more correctly, hypothesis ). Most have some value because each of us has to find what suits us best and allows us to sleep well at night. Manipulation does happen. Regulators do much of it to attempt to smooth out markets. Some argue it is bad. Most of these are pureists who want markets to be free of regulations.
A while back I sold some Noront at $1.82 to take advantage of another investment that I thought had more value to me at this time. I agonized over that for a few days before I pulled the trigger. I felt news was close by and Noront was a good buy at $1.82. I could see news taking us to $2.50 to $3.00. Well, markets are fickle and it has traded down to a painful level while news has been slow coming.
As time moves on and the economy changes as we go, you must keep evaluating your holdings. Smart investors are in no hurry to buy. I'm more and more convinced that until these investors see that the infanstructure is being built, that even the $2.50 to $3 figure will not be a reality. The only thing to change my view on this would be another hole 49, and even then follow up news of that magnitude would be needed to keep the share price moving up. We badly need that tagible edvidence of infanstructure going in.
The economy holds the key. With the trouble in Europe, one country after another facing problems financing their debt load, and the threat in the U.S. with their debt load, investors are feeling more and more insecure. When one country after another cuts spending, you do not have to be very smart to realize that growth isn't going to happen as quickly as needed to suport stock prices. Slowing economies use less metals. You see that reflected in the strength ( or lack of it ) in our $C. Until investors have a good handle on where the economies of the world are going, we will see these wild swings in the markets. It's a traders dream if you get it right but a nightmare if wrong. Most will sit in cash on the sidelines and sleep well at night.
We all know that mines take time to build. This one will be another 5 years or so. It will take longer easier than you can speed it up.
During this time we all know that Noront will have to raise money to continue development. I'm sure the BOD knows this well. They have the task to get the price up to minimize that dreaded dilution problem. If the world's economies take any number of years to get going again, Noront could face some challenging times. Any wonder why there is no hurry to buy more shares.
So there are several good reasons why Noront's share price stagnates. Manipulation isn't one of them in my view. Like Sneezer says, we can agree to disagree as friends trying to help each other. That's what these forums are all about from my view. I read and appreciate well thought out arguments that differ from mine. But too many are drawing conclusions without much evidence to back them up. It's the evidence that I am looking for and enjoy........Liz