Cinema & B-Jay; the reason for sell off as I see it has nothing to do with Noront ( other than it being in wait and see mode), but it has everything to do with the recent advance in the price of gold.
I think many funds are selling stocks like Noront to invest in some choice gold stocks and probably in some bullion for quick profits and safety.
Even I sold some gold stocks over the last few days to lock in some profits. I am in a wait mode with regard to gold to see if it goes up some more to sell some more. I will buy them back when ( and if ) there is a retrace in the price of gold and the stocks.
At the moment I am sitting with some cash (for a change) from those sales to buy silver stocks and possibly Noront also if there is no gold price pull back.
With respect to Noront I do not expect any profound announcements from Ontario politicians with regard to infrastructure until about mid September so am gambling that I have time to earn some more quick profits before buying more Noront stocks.
I have an old hold in Noront, I also have just as many short term Noront shares and at the moment am debating with myself about gambling some with present cash to purchase more Noront, among others.