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

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To: Michael Dawson who wrote (68)6/1/1998 7:07:00 PM
From: Phil Cressman   of 128
 
Time to bail would have been a few weeks ago. The whole resource market is in terrible shape and with gold well under US$300 I guess it's no wonder. IF? Noront is sitting on some good news then they may be smarter than us since nothing has any effect on market prices in these days. ie. QTR renewed option to Barrick + option more property to them which results in Barrick spending big bucks to explore and prove up any finds, resulting in a share price drop. In other days this would have bounced share price up 20%. Too many good exploration companies with cash and excellent properties trading at or near year lows (this years low is really low).
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