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anonymous LEAK time... Ian's auto correct put Thompson instead of Norilsk #fakenews
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@EvenPrime Nice to see it going up for all you guys. Hope you can recover a bit of those losses. I still haven't changed my stink bid at 4 cents though.
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@Bullish @EvenPrime @wolff - VWAP is @.065 support, hard to see dropping to .04 buying range at current momentum. However a bad essay result
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@Bullish and your stink bids @.04 may just get picked up.
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@wolff That was my point -- NRN was wrong to raise expectations -- by "rushing the assays -- with little chance of anything significant being found on those cores - so another un-needed punishment / buying opp at 4 cents while we wait for the stock to rise based on South32 sponsored drilling
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@wolff "Hope I am wrong of course - holding 800K in shares at around 8 cents cost so in balls deep on this one - Luckily AUG MGA, PTU SU and NXE are way up so no pain no gain I guess
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@RedsoxFan @wolff I've been wondering if "rush the assays" was in response to pressure from South32. It has been said here some time ago that Ian was a difficult negotiator and that South32 was not given any opp to jv on Sequoi. Some have argued that they signed the deal they did (including $NRN getting to keep the tax bennies of the South32 expenditures) in part because the RFR gave South32 an "in" on Sequoi. Now we have seen both sets of results, Huckleberry and Sequoi, its possible that South32 is revisiting their 2017 spend plans in light of these results and Ian is putting a "rush" in, not as a pump (because the rush costs extra $ what benefit would there be to do this at this point, as they need to be mindful of cash?), but because maybe South32 is reconsidering their commitment on some level? For example they have a minimum spend to continue, the rush could be to influence minimum vs. more than minimum spend (or keep them to minimum spend?)
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@RedsoxFan Just throwing that out there for consideration. Prob just a bunch of hooey.
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@Bullish $NRN $hotpicks - big bids just showed up @.06
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@wolff TY @RedsoxFan -- I suspect there is a lot of data re-interpretation going on at this point based on the Sequoi drilling. South32 is still looking for another Voisey Bay, and the Sequoi results are driving them to a different deposit model at least at Sequoi. I think they should waited on the assays if they thought their was Ni / Au gold there in any quantity to reduce they neg impact of the overall drilling at Sequoi. By delaying the results they created the potential for 2 bad news releases. Ian probably felt pressure to provide some good news - I don't think they rushed the results for tax pennies, and I don;t think South32 is re-visiting their investment - but Ian is certainly in a weaker position than he would have been had they hit a couple of zones of mineral rich massive sulphides. I remain long on this but will certainly derisk at >10 cents
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@Rkas @wolff let's hear the NR first. I agree Ian may be in a weaker position. Investors needing a tax loss benefitted. I myself did not as I am in a tsfa however a free shares. What goes down must go up! As long as the have projects on the table. Let's see what kind of Viagra Ian has to pump this up! 😀
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@Birddog @Rkas couldn't agree more. Not a one trick pony
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@Rkas @Birddog let's hope Trump will invest in the miners and he will not see any resistance. This can be a boon for the sector
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@wolff cialis man myself @Rkas lets all chip in and send some to Ian and Christine - see what kind of baby mega deposit they can deliver 9 months from now
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@wolff assays should be in soon I suspect - good luck to all
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@highgrade Anybody here have an opinion on WLF (wolfden res)? These guys from what I gather are the real deal and have actually done this before (Don Hoy and Ewan Downie). Very quietly it seems they've been wheeling and dealing WLF into a great position. I only know the bit I can read or listen to so just wondering what others might think. I just get the sense this could be a sleeper and might catch some off guard if it goes. Surely some are familiar with what these guys did the first time around and their street cred. Opinions?
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@highgrade Just for clarity I own NRN and feel the pain too. This caught my eye as it's the same commodity space as $NRN only these guys have a track record. Not intending to infiltrate the board, just hope we peeps can maybe find opportunities for each other.
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@Wannabeinvestor $NRN seems to have been left for dead. time to re-enter?
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@m00tpoint tough to say @Wannabeinvestor although these are low looking prices, could either tick up or down a smidge on the assay results pending for Sequoi, Just depends whether those results are what the market wants to hear. Hopefully Ian delivers some assurance as to where they are heading next with their projects this year along with it. Consensus here overall is that at least 10c by summer shouldn't be too much of a stretch, with South32 maintaining involvement/remaining huckleberry drilling to continue and a few other projects yet to be drilled (Idefix/Se2/possibly more on Sequoi?)...personally I averaged down some at 0.065 cents and 0.055 cents, but I still need to bring my average way down, just tempted by other stocks these days.
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@Ted Pending delay on the gold assay returns is reasonably suggesting that they are not significant in scope.....Gold assays are very quick and the time laps which has occurred to report back on them in isolation from the base metal values supports this. The company is still optimistically positioned for better days ahead and the VTEM results release on this years more northerly target prospects are being eagerly awaited on.
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@wolff My stink bid of 3 and 4 cents on panic selling from poor assay results still stands - hope they are good but if not another buy opp for run up to ten cents plus this summer
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@Ted There will no doubt be a run up again while en-route to the north Quebec project holdings deployments and as such, should present little doubt as to the rational to accumulate as much as possible during the current price bottom.
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@DanO During the last two years the prospects of an important (new) mineral discovery in the fabled Yukon faded away so we had quite a few stories advertised as having the potential to be big discoveries. All located in Labrador, the Labrador Trough of Quebec and nowadays Newfoundland. $eqt with their VB2 at the end of 2015. $nrn in 2016 ('potential to be a giant ore deposit' - capitals, bold & underlined). Now we have the staking rush of NFL. Even Shawn Ryan staked NFL. Again we see companies publishing press releases where they say that they have staked close to Mr. Ryan :) Go east young man! Or at least deploy your capital in companies involved in this staking rush (they say). Or maybe you should be a little bit selective (or a trigger happy trader) as you know how these staking rushes end (I say).
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from ~roughingit,
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@DanO @EvenPrime. $vtt Yep, Aug 31 financials on Sedar. They are going to raise money. It doesn't matter where BHP has drilled as we already know that stacked lenses occur in Zone 5 only (which is still open and shows increased zinc grades). Check out Pegmont Mines on the web. I found their Prospectus, agreements, etc. It is done this way i.e. in order for the met samples to be representative you include them all that is from all zones that you intend to mine. I know that they have included the BHZ & Zone 5 (newly drilled material). Metallurgy should not be very different from Cannington. $nrn drilling at Sequoi was pure speculation based on geophysics (hit or miss). This is not the case here with vtt. I considered the risk/reward ratio and bought some. It will be significantly de-risked after the release of positive met results and then of a new mineral resources (sulphide & transitional material).
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from ~roughingit,
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@Jdc9449 @t, i'm still licking my wounds from the trainwreck that was $nrn, I need a short term play to get me back in the trading mood hahaha
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from #idm,
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@wolff Suggest #aug
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@wolff It will probably pop a bit during big mining shows in Van and Toronto based on 55 000 m drilling on 14 plus good targets and recent GoldCorp buyin
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@wolff Suspect assay results are poor since they are taking so long to release them, and NRN is trying to "improve" the news release with plans for sampling, em, and drilling with South32 . I remain interested and won't sell till after said drilling occurs, but as indicated previously will buy in again on bad news to get my average price down around 7 or 8 cents.
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@wolff Good luck to all -
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@Ridethebull This was never a one trick pony. I'm looking forward to a news release on upcoming plans and of course what they found.
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@StarFire ... it feels like we were all at a party, and took mind altering drugs, and everyone was having a good time, and I was busy planning my after party... we were all gonna be rich and sure we fought at times or picked on each other, but it was okay because we were all gonna be rich... big cars and all...but if there's any consolation, it's to short term memory, for if there's ever a spark that can ignite a fire, the party could be back in play....
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@Birddog @StarFire great analogy. Story not dead yet kid
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Mutt @StarFire poetic. Very nice. Lol
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@Rulingmining @EvenPrime I took a look as well. You are correct. He loves $NRN
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from #nxe,
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@EvenPrime "loved" $NRN - hehe
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from #nxe,
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@Joshua bgs.ax
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@wolff Tick tock -- tick toc -- would like the news release to come soon so we can set the stage for the sampling and drilling this summer
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@Birddog @wolff agreed. surprised we haven't heard something already. Anyone talk to Ian of late?
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@greg Is $NRN attending either of the Vancouver conferences these next few days?
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@wolff Maybe a release end of day? Called the NRN offices and left voice mail . No response yet
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@CautiousNow @greg They're not at MIF. They are not showing on the Cambridge House site as an exhibitor.
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@CautiousNow Surprised that there's no NR yet. That being said, I'm hoping we don't see one today, as I don't recall ever seeing a Friday NR that made me happy! At this stage, I have low expectations for what I'm going to see (e.g., teasers that show that there is something there, but not so much so as to trigger any material positive response from retail). At least this way, my potential disappointment will be muted, with a possibility of a bit of a surprise.
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@greg @CautiousNow, thanks.
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@nicholaslepan everyone behaving in here?
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@wolff Anybody buy #aug like i suggested?
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@RocketRed $nrn 2,386 million offered for sale .055 
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from #index,
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@wolff never a good sign - well we were pretty sure the assays would suck the big one and the price would drop to 3 or 4 cents -so maybe someone looking to buy back in after the NR --- I think we are all sure the stock will pop back to around 10 cents this summer
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@CautiousNow $IVN is a great example of why this sector is so addictive. Having a hit on something like this from about $1.10, Kaminak from the early days, Hathor, the old Antares makes it too easy to forget the many losses along the way in trying to hit the next big thing (e.g., $NRN).
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from #ivn,
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@CautiousNow Volumes are disconcerting today. Obviously, some holders of material positions want out now. Agree with @wolff that this is a reflection of a perception that results from assays will be poor. At least someone is picking up the shares.
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