OTCPK:NOXOF - Post by User
Post by
MrMonkon Oct 29, 2013 1:26pm
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Post# 21858615
NOX Investor Relations
NOX Investor RelationsI've been quiet lately - very busy with my company, not a lot of spare time. Here's an update from IR this morning (from DP - word-for-word - anyone could get this same update):
It's nothing new. Hopefully yesterday was the low. 2 big shareholders (funds) have been selling since Aug. One is done today, one has sold ½ and may be done. (Might be separate accounts) They don’t tell us, I can only guess from the trading I see. Insiders have been buying as much as possible. We still have close to $4,000,000 in the till and are planning the next drill program. Once drilling has started we expect to do some road shows in Toronto, NY, etc to get the story out.
3 mining companies are reviewing data at Marban for a potential partner to replace Hecla. The last drilling we announced extended the Norlartic deposit to 1.2 km, with the latest results now parallel with the Marban deposit, which means we will likely have ore in the Marban pit hanging wall, which would reduce the waste rock and increase the economics of the pit.
- MM