RE: RE: RE: if RN winslarsca,
I can understand your anger to a definite extent. The market has destroyed half of the value of my sizable junior/metals portfolio and certainly NOT is in this camp.
Nemis has time and again over promised to anyone who would listen. But I'm not angry about that because I knew it after the first time I talked with him back in 2006. I've weighed it into my risk assessment of this company. And it has hurt Noront to a definite extent. But this is only one negative and it does not outweigh the positives. Anyone with a brain should be able to see this about him - especially all those big guns that coughed up the coin for the pps. I don't believe that they're suckers and their anger is a combination of beign feigned and being screwed by a horrid market.
Now, despite the overpromising, the timelines on this project are not bad at all. Just take away the eager to please promises and look at how long things actually took compared to any other junior making discoveries. Take the 43-101 - was that really so long? I've seen them delay MUCH longer than that, even on advanced discoveries. This was an intial find.
The problem I see is that Nemis had his ways developed over 20 years at the helm. They were rooted in keeping retailers and smaller pp investors on board. When taken to the big stage, they don't work so well. I still maintain, however, that if you just put the rosy statements and missteps aside and look at what they've actually done, that it is progressing quite well (share price in this market notwithstanding).
Nemis has recognized his shortcomings and has responded to advice from the big money. He's brought in a lot of expertise over the last 8 months to deal with the things that will need to be dealt with (e.g., the tsx listing, furthering the exploration, hiving off WF). But these things take time and this was a very, very small operation just 12 months ago. These are growing pains.
But I have no doubts about the sincerity of Nemis' intentions. He is not doing this to make a quick but - that much is abundantly clear. He takes his obligation to the retail shareholder seriously and that is a very rare thing indeed. It is also without doubt one of the reasons the hedge fund vultures hate him. He is defintely working towards unlocking the long-term potential of this disovery. It will take time.
If you examine with a clear mind what Rousseau is proposing, it is garbage. Nemis is not perfect, but the Rousseau group is a far, far worse option for any retail shareholder. If you want to sell at $3, they might be a good option. I am not in this to sell my shares at that level, however. I'm here to see the value of McFauld's unlocked and I'm willing to take the risk associated with hanging in for the long term.
Finally, I was never as sold on WF as I am on McFauld's. And I do not think that this was simply dumb luck. They had been in the area for years and had worked diligently to get the claims on Eagle One. Do you really think anyone could be so lucky as to pulll that off on the first drill hole? I don't.
Take a deep breath and think clearly before you decide what to do. I know you've been in NOT for a long while, but now is not the time to give up, imo.
franz