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Noront Resources Ltd. NOSOF

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

Bullboard Posts
Comment by glorieuxon Apr 14, 2008 10:05am
408 Views
Post# 14967600

RE: The time is now

RE: The time is nowI would not be so bold as to say hours.  However, when the Short positions cover over 85% of their position in one month, leaving a measly 200k shares shorted out of about 132M, we are set for a good rise in the SP.  The shorters are usually ahead of the game and for them to bail out like they did, they know something is coming and that we are as low as we are going to go. 

As for timing of events that will cause a rise in SP, no one can predict this.  However, we have been waiting 8 weeks for Assays from Eagle 2 and expect this any time.  Also 43-101 and TSX listing could come any time as well.  Visuals on other eagles is also possible at any time with the 3 drills working hard.  I think 2 weeks is max but trying to time this is risky.

Good luck,

Glorieux
Bullboard Posts