HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: Does history repeat itself?

Just reviewing s few points that I recorded during the not so recent meltdown in the market as opposed to recent trading.

At the peak of that meltdown, NOT's SP dropped to the mid .40's. From there it made 3 surges up to the .60-.65 range but fell back again to .50. I was actively playing NOT at the time, and gained a bit each time it surged. On the 4th surge it quickly hit .69, and I was tickled pink to get one more time to dump. However it dallied around .69 for about 15 minuted, then continued it's long journey right up to 3.00.

I have watched (and traded a bit) a similar occurrence here as it has surged 3 times over last couple of months, and is now doing the 4th one. I dumped my traders this morning at .99, and sit here wondering if I would be happy or sad, if history repeats itself and we do see another run like the last one.

FWIW, my little birdies are telling me news could be on it's way. I understand it to be that there is news worth disseminating, but it is tied to other news that cannot be released as yet, as there are ongoing discussions on it. Not even a hint as to what the news is though. I could dress it up a bit by throwing in a couple of mysterious acronyms, but rather than risk stepping over the (edge?), I won't. Although it does take a bit of the fun out of posting.

Best regards

K

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Apr 01, 2011 03:01PM
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