my take on today's "trade" in nco

Although I have made absolutely no headway in interpreting today's nickel laterite announcement, here is some preliminary research.

I have found two references to nickel laterites in Guatemala. The first is the Fenix brownfield project owned by the TSX-listed HudBay Minerals. They bought this 2 years ago from Skye resources for about $500m & there is a plant on site. This project is pretty damn huge & once power issues & internal HudBay issues are resolved, will return to production.

The second project is the Mayaniquel nickel project owned by Anfield Nickel Corp., also listed on the TSX. This project also seems to be very large but is less advanced than Fenix.

So it seems as though there is plenty of nickel laterite in Guatemala but why such an obscure announcement? Similarly, it has been public knowledge that the company has been searching for an additional project/s. Why such a long wait for something apparently so bland? Something here doesn't make sense. Why issue 10 million shares & 5 million options (full consideration over time) for a bunch of coordinates? Also, who is willing to tip in another $1.44m as part of the placement for no apparent reason?

Also, having been a follower of Colin Ikin's past exploits this announcement seems to be very obscure as does the wording of the announcement. This does not seem to be in keeping with Colin's previous modus operandi. Can a leopard really change its spots? I don't see a leopard here, rather I smell a rat � a big, fat one!

On a trading basis, the fact is that the stock is so tight, that, within reason, the powers that be can have the share price where they want it. Today's volume is the largest since listing by a long, long way (by a factor of 8 if I read the chart correctly). This usually signals a bullish sign & history has shown that when this occurs there is usually a rather strong move to the upside shortly thereafter. I believe that the price action in NCO will lend further support to this empirical observation.

I'm also pretty sure that whoever organised the crossing is pretty annoyed that they "lost" 375K shares in the market to parties who obviously knew the crossing was going to transpire. Perhaps they're trying to shake that stock out before taking the shares higher & revealing more about what they have in Guatemala.

All I know is that at the moment this report has me stumped but I'm sure that in the fullness of time all will be revealed & my questions answered. If there is anybody out there with any opinions/knowledge, I'd be glad to hear them.