OTCPK:NOSOF - Post by User
Post by
franzneumanon Nov 01, 2007 5:41pm
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Post# 13736296
Another great day for Noront
Another great day for Noront- They've further delineated the deposit structure at Windfall Lake, something they've been trying to do for many years.
- Noront went out and staked a bunch of land, flipped a small portion of it to a JV who is going to spend $5 million exploring it, get cash and shares from the JV and retain control. This is exactly what a small company like NOT needs to do to maximize shareholder value. The property will be explored much more quickly, NOT makes money and will be rewarded if the JV finds anything. Terrific news.
Guys like NewSkid wonder how I can be happy when the share price goes down. Let me explain since the share price action has totally escaped him and his ilk as they continue to seed doubts while watching other people get rich ... It's about fundamentals and being a long shareholder who is wise to the ways of the market. One only needs to check the tape to see that positive news is consistently met with an immediate drop in share price only to rebound with a vengence later on. Today's news is very positive and by no means negative. It will eventually be realized in the share price. Watch and learn bashers.
But by all means, continue to bash away. I appreciate your efforts to bring the share price down temporarily. I've made a boatload off of the dips!