Some of you may have noticed that it was me who changed the yellow flag on FromSudbury's last post, to green.
Why?
Because I agree with almost everything he posts.
To those of you who ask, "Why don't you sell if you are so unhappy with management", I give this answer.
We (longs) owned part of this company long before the current management and their backers seized control using lies and threats......eg. saying they would get us on the main TSX board when RN had not, and threatening to force the share price down to .20 cents. They claimed loudly that they could do a better job of managing Noront's affairs.......83 cents ??? Ya, right.
Reread FromSudbury's post to see the long list of poor management. The .80 cent options issued as soon as they took over foretold how they intended to treat shareholders.
Noront's stock has clearly been manipulated down over a long period. It is my opinion that current management has had something to do with this, if not directly, then indirectly via lack of timely disclosure, intentionally uninspiring interviews (actually discouraging) and news releases.
As far as Wes is concerned, it is my belief that he is either in agreement with the BOD's operating plan, or following orders. I have read everthing available regarding the last PP, and it is my strong opinion that it was clearly his intention to deceive us with the comments he made at the AGM on financing. I simply do not trust these people, for many reasons.
We understand the game they are playing, that is why we don't sell. There are many of us who will not capitulate. Why should we sell, and let these guys take OUR asset when we know the value in the ground. Speaking for myself, I now own considerably more shares now than at any time in the past.
I am counting on the greed that I believe exists in current management, to someday cause the share price to rise.
Holding with confidence in the deposits.....not so much with management......
Canseco