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Gold/Mining/Energy : Northern Orion NTO(Amex) T.NNO Toronto

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To: xropotkin who wrote (7)3/12/2005 9:50:08 AM
From: IngotWeTrust of 32
 
As of 3/13 website check, NTO's an E&D co "equity investment."

"At the present time, ValGold is in a very strong financial position. The Company continues to hold 883,333 common shares of Northern Orion Resources Inc (Toronto:NNO.TO - News), (AMEX:NTO - News), worth an aggregate of $3.1 million.
valgold.com
~~~~~~~~~~~~~~

Hi, O...I happily note your post on this thread. Under the radar of the under $3 USA trading crowd is not a bad thing.
In fact, holding its own in a fashionable dumping on all gold shares short seller's investing climate is notable.

I agree...I don't think the significance of the twin facts that BFS study is underway (due Dec 2005...a long time away and those things are more likely than not "late") and that NTO has raised their "share" aka $100mil (it's in the bank) has made a wrinkle. I don't have a good handle on burn rate yet. You have any idea?

NTO's been at resistance + unsexy for a spell. And the Sjuggerud pump seems to showing signs of unwinding their short term gains, which undoubtedly Sj sold into that strength.

Hard to know if Holmes' fund crowd is still holding their shares. With as many shares as are currently outstanding on this one, it's hard to calculate the "strong vs. weak" hands in this issue.
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