OTCPK:NOXOF - Post by User
Comment by
alixx11on Jul 08, 2010 10:00am
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Post# 17253255
RE: RE: ... Held tight !?
RE: RE: ... Held tight !?"Osisko or Richmont - one of them will make an appearance in the next month or so"
I seriously doubt it. The deal with Aurizon makes it very clear that the 5 million to be spent this year will be focused on trying to delineate an economically viable open-pit model as a first step, something that the shallow grades don't currently show clearly...
The big boys will likely wait until that information is out before making any decisions, and I suspect it's the same situation with the institutional investors. I think that means there will likely be no major movement (or news) until the fall.
Doesn't mean we won't see some stock appreciation due to retail investors though...