Noront Resources Ltd. V.NOT

Primary Symbol: 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.

OTCPK:NOSOF - Post by User

Noront Resources Ltd.

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Comment by franzneumanon Jan 13, 2008 9:20am

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Post# 14194400

RE: snif~sni~ AAahhh.... I love the smell of....

heh, there was definitely some short covering going on there, no doubt about it and they were burned. I can't recall exactly, but I believe there were about 2.5M shorts around that time. On the four trading days from the 12th to the 18th, however, the volume was 13M, 12M, 11M, 11M. So, the short squeeze was just that - a squeeze that was chasing the price up, not driving it up. As for claims of naked shorting, I have not put forward such a notion myself, but I would not discount it -- especially for a stock that is trading on the pinks. I doubt there's much chance that it's going on on the venture, however. It's going to be interesting to see what happens going forward. I'll be shocked if we don't see either stabalization or upward movement from this point forward. The commodity bull would have to crash for that not to happen, imo.

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