Ring of Fire Monitor

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Wednesday, January 12, 2011

FNC up on High Volume. Cormark -Noront ties?

Fnc has many shares traded today approx. 6 million. Currently FNC is up 7 cents.

Time and  sales for FNC shows a very interesting very large single trade in the 4million range.

Buyer Cormark; seller was BMO.
Cormark?? Hum, why is that setting off fireworks in my head.

Because of the name Vishal Gupta.
 Don't forget he worked at Noront as a Geologist before coming to Cormark.
Don't forget Nov.12, 2010 Fancamp started drilling C2, C1.
C1 is the more interesting one. 120meters south of the Noront Border.

There are other speculations floating around as to why FNC is up but the fact that Cormark did such a single trade today is making me lean towards a C1- reason.
Vishal Gupta
Analyst - Investment Banking (Mining) at Cormark Securities
Toronto, Canada Area
Contact Vishal Gupta
Add Vishal Gupta to your network
Analyst - Investment Banking (Mining) at Cormark Securities
Equity Research Associate (Metals and Mining) at Desjardins Securities
Exploration Geologist at Noront Resources
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University of Toronto
Carleton University
 35 connections
Financial Services

Vishal Gupta’s Experience
Analyst - Investment Banking (Mining)
Cormark Securities
(Financial Services industry)
October 2010 — December 2010 (3 months)
Equity Research Associate (Metals and Mining)
Desjardins Securities
(Financial Services industry)
December 2009 — October 2010 (11 months)
Exploration Geologist
Noront Resources
(Public Company; NOT; Mining & Metals industry)
September 2008 — December 2009 (1 year 4 months)

Vishal Gupta’s Education
University of Toronto
M.Sc. , Geology , 2007 — 2008
Carleton University
B.Sc. , Geology , 2005 — 2007


  1. Then, why isn't Noront getting some of this interest? Why couldn't it be the hot iron ore connection?

    Orange Flash

  2. You may be right but Babjak just doesn't like coincidences. She's a great detective. Make sure you add this blog to your favourites and stop in for a fix of the ROF