RE: second drillHopefully, second drill is working.
In a dilemma, must hold my position, can’t risk getting caught out, at least to July on Windfall news, but not happy. Knowingly, SP declines daily but can’t risk getting out. Then there is all these under reported on exploration properties Noront holds.
Since Windfall Lake Glory hole management really had the chance to take this company to new heights. Have to say they blew it so far. With 11 other properties besides Windfall, of which 3 or 4 on the surface may be quality assets, materiel substantive PR and news flow is really lacking, only NR’s of option agreements, new mgt and financing’s. Fluff.
McFaulds Lake – laughed at the new optionee NR, 17th May 07, nothing materiel since the last option agreement 16 Mar 06?
Ireland Project – Larder Lake, nothing since 1 Dec 04?
Lawson Project – nothing since 08 Jun 06?
Hunters Point – nothing since 23 Oct 06?
Hungary – nothing since optioned to Znco Minerals 22 Nov 06
Volcan 1, Mexico – nothing since 08 Jun 06
Of course everyone knows were waiting on El Verde Lab results since 9 March, which will be the first real materiel results of ’07 and the new property agreement, same date 9 March just signed Escondida. (45 days for formal agreement? No news?)
Sorry, the China report 02 May 07, did report on initial exploration work and for drilling to commence this summer. A positive.
So we get drill results El Verde anytime, Windfall initial drill results around end July and continued results into the fall. A positive.
What about the rest? Exploration updates on 12 properties quarterly, you would see 3 or 4 NR’s per month, even if another company (optionee)is running the show.
Poor execution and performance is my vote for this team over the last 6 months.
Hopefully this changes,
Cheers, Mark