same guy from the noront board the other day.

Posted by: roos 2000 on August 22, 2008 09:40AM

In response to: Re: any insider trading today? by rago1

hi there, found a post on the mcfaulds and fancamp on another board.

i like the post so copied it here. best roos

#5480 - Friday morning thoughts

Good morning. Overseas today, Asian stocks fell to two year lows, down for a fourth straight week. The surge in oil prices has enflamed inflation fears and the financial crisis is showing no signs of ending any time soon. The major European indices have all rebounded and turned green on strength in the energy stocks. Financial stocks have turned positive boosted by merger and acquisition activity in the sector. The FTSE could turn rather quickly as investors are keeping a close watch on the UK GDP numbers to be released shortly offering some clues on the state of the British economy. There is nothing on the economic calendar for today, however Bernacke will be giving a speech this morning talking about the credit market and the financial sector. The early futures are pointing to a positive opening for the US indices.

Back in McFaulds Lake, NOT rebounded yesterday and was up almost 7% on the day. NOT tried to break atop its 13(MA) but ended the day at $2.80 right on the 13(MA). NOT needs a clean break, at the open today, to turn it's 13(MA) from being resistance to support. NOT's volume was by far the heaviest yesterday, than it has been in the month of August. The Slow STO has turned up, off of oversold conditions and the MACD is showing signs of crossing over. We need some follow through today with additional volume and all the chart signals will point to a rally, with a trend reversal to the upside. It is possible today for NOT to break over the big resistance at $3.03 of its 50(MA). This would be a very bullish signal, since NOT hasn't had a close atop it's 50(MA) since early April.

NOT is rumoured to be back drilling on the border anomoly close to FNC's property boundary. This makes sense since FNC is currently drilling on the other side of the imaginary fence. It has long been rumoured, that the VTEM surveys, have shown this to be a high priority area to drill. From NOT's 43-101 it said the Eagle One deposit was open to the south and at depth. With the high grades of nickel and precious metals NOT has proven from past drilling in this area, if they could get this deposit extended onto FNC property, it could be deja vu from this time last year. The possibility of NOT and FNC announcing at the same time, that this anomoly deposit, is bridged from one property to the other, would open up some exciting times in McFaulds Lake again.

FNC has its investors excited again, the share price was up over 19% yesterday and the rumours are running rampant. On Tuesday there was doom and gloom as the share price was flushed down to $1, with volumes far above normal. There was a rumour that FNC had missed in its current drill program and the sell off was on. Amazingly there was over 300k of shorts on FNC and this offered them the perfect opportunity to cover at bargain basement prices. Stop losses were hit and the retail investors once again, puked up their shares to the pro's. The pro shorters must get great delight in fleecing the retail investors. A few well placed rumours here and there and retail investors line up like sheep, heading to be slaughtered. As irritating as it is to watch this, time after time, on junior mining stocks, that have just started drilling programs, it did offer the opportunity for others to pick up shares on the cheap.

On ChiefChat we did predict there would be a share price flush, but even we were amazed, to the extent of it. Congratulations to those in the LongTerm Investor Chat room who patiently waited for this flush and picked up FNC shares at bargain basement prices. Every once in awhile we do get it right. However, it is time to remember the rumours that FNC has hit on their drill program are just that, rumours. Without an official news release from FNC, don't treat these rumours as fact. Getting your cost per share down to as low as possible, certainly would take the risk out of playing FNC currently. How many times have we all, let greed, get in the way of common sense? We have all let very profitable winning situations turn into losses and kicked ourselves, for letting opportunity slip through our fingertips. No investor ever went broke, by locking in profits when the opportunity afforded itself. JMHO

We went over this yesterday but it may be worth repeating. If FNC does hit in its drill program, where can we find opportunity to cash in from other McFaulds Lake proximity plays? I think PRB could be the one stock where opportunity knocks. PRB's share price has been decimated recently because they missed on their McFaulds West drilling program. It wasn't a complete miss because they did find peridotite in over 80 metre sections. This peridotite closely resembled the host peridotite of the Eagle One nickel-copper discovery. So perhaps they were very close to finding the massive sulphides that often contain the nickel-copper mineralization. Remember, finding these sulphides is like finding a needle in a haystack, you can drill one foot away and miss the sweet spot.

So my theory goes like this. Take a position in PRB at current bargain basement share prices. If FNC hits, PRB's share price will go up, just on the proximity of this property alone. On a share price spike, sell your shares and lock in profits. Then leave PRB alone for a few weeks. After the initial euphoria wears off, PRB's share price will most likely do the slow bleed, because they have no news themselves. If you still feel the need to own PRB shares, buy them once they have bottomed again. PRB will be re-drilling this McFaulds West property again once VTEM surveys are finished and ground work is completed. There is no hurry to own this stock, for the next drill program, time is on your side. JMHO

MTX/WSR, we continue to wait for assays from this discovery. Perhaps they are waiting for market conditions to improve and plan on releasing assay results in a batch. It is hard to forget the possibilities that this play offers if the assay results are as good as many feel they will be. Remember back in June they halted these stocks and announced they had intersected 131.9 M of Semi-Massive to Near-Massive Sulphides. They also reported there was visuals of copper and other base metals, in the core samples. The good news is they have built a large drilling camp on this property and continue to drill, with two drills, going full tilt. I doubt they would of brought the 2nd drill in and continue to spend this kind of money, if they thought results would be less than stellar. Buying a core position on share price weakness may be a prudent play for those that can tolerate a high risk, high reward opportunity.

Hopefully some of the posters/readers of this board, can keep us updated on the NRN and TME drilling programs. Reports of insiders buying into these stocks has piqued my curiousity. However I only have so much time to cover these plays and can't possibly cover them all. So anyone who can keep us abreast on these stocks, please take the time to do so, it would be much appreciated.

There is lots happening in McFaulds Lake presently. Some of these drill programs have excellent possibilities to bring these plays alive again, after some very slow times during the summer months. That is all changing at a fast pace and my best guess is McFaulds Lake is back in play. Exciting times are here again !!!

Best of luck to all McFaulds Lake investors