SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Noront Resources (NOT VSE)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Dawson who wrote (84)7/30/1999 9:21:00 AM
From: Phil Cressman   of 128
 
Michael, somebody wanted to buy Noront stock. The current depressed share price reflected in quotes for a number of thinly traded juniors is quite misleading. I say this because if you wanted to buy a significant number of shares in most of the companies (Noront for example) you are going to have to pay the price a willing seller is prepared to accept and that is certainly not the bid price you see from day to day. We are seeing a total lack of interest from investors in junior oils, gold or other commodities. When investors come back into this sector many of these juniors will double, triple, and quadruple in price, some may still be undervalued at those levels.

The market isn't really making a statement about the intrinsic value or potential value of these junior stocks but it sure reflects the lack of interest and investment capital flowing into these sectors.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News