Noront Resources Ltd. NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd.

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Post by glorieuxon Oct 29, 2007 3:54pm

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Post# 13711763

my take on this fiasco

So the paper blew it,big deal... the real info is that Novak sold 50k shares, 25% of his portfolio, he's also the guy who sold 100k shares at .825 on September 27th 2007!!!!what does he Know!!! He just blew $400 000.00 by one month. That was just about the worse timing anyone could have. I do not blame him one bit for cashing in at $5.15 like he did. He has more options coming I am sure. Last year he got 200k shares and cashed them all in at .75-.85 so obviously a very conservative individual who has been around too many mines to be sure of anything. He just gets his paycheck (in options) and cashes it in. I do feel bad for his trade on Sept 27th...wonder if anyone will acuse him of insider trading on that one hahaha!!!

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