Noront Resources Ltd. NOSOF

RE: Radar - something to ponder....

[radar03]

Well I won't pretend to know much about rail lines or slurry pipes , I'm a technical trader at heart.
I agree with you on all accounts re Cliff's etc. I believe  the Northern communities not only are looking forward to the development of the ROF but along with the Government of Ontario are in great need of something like this for all kinds of reasons. The time frames are indistinct .One thing we can count on is the inability of the Canadian governments to figure out how and what needs to be done in any sort of  reasonable amount of time. Then there's the elections which hamper the process. I believe the company's involved in the ROF will follow the lead of Cliff's or large players who might enter the ring and whatever else is put into action by the Province . Money tends to talk, Bs will walk. Really though unless there is a significant find by NOT or an adjacent property it will continue to burn through cash and frustrate the share holders as it has in the last year.
I do not feel the current management truly wants a long term hold. Remember Mac in FWR when he said he would never sell for less than $2.00? That was before QUC climbed to it's heights.He seemed much more interested in the daily on goings and SP than Wes does to me and of course we know the rest of that story.

Do you get the feeling that Wes and Board are pursuing a buyer or the ability to develop? His latest purchase of the flow through shares, not market buys speaks volumes to me on who's interest comes first here. I do not recall and of those shares at $1.25 being offered to Joe public? But anyway I am rambling. Why does it feel like the drill results are slow coming or being withheld? Is it necessary to have an Ace in the hole when the buyer comes to town?

Now speaking from a technical trader's perspective there are many indicators suggesting the SP is due for a pop , and that's why I am here .The SP has in my opinion been held to accumulate those shares of the frustrated and tax loss sellers. Let's face it if the big boys want the company they have the means to shake the tree of those frustrated
holders and accumulate just like they did with FWR. Why would they pay more?
Cheers Radar