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Gold/Mining/Energy : Noront Resources (NOT VSE)

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To: Phil Cressman who wrote (97)9/3/1999 2:25:00 PM
From: Phil Cressman  Read Replies (1) of 128
 
Took me almost two weeks but I managed to buy another 30,000 shares at the price I wanted to pay. Sure this is speculative at the moment but remember INMET have been drilling all this week. IF, those drills intersect that red/pink ore that gave such spectacular results those drillers will be on their cell phones placing buy orders. My take on this is that while a buy right now is risky a buy when the next rumour hits the street will double or triple the current price. In addition we have a fair bit of news coming out next month on the diamond play and down east gold play. Dick Nemis has managed to accumulate a huge portfolio of properties and arrange even in tough times to have others spend dollars exploring them. Drilling has never been cheaper and I'd expect some more deals this year.
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