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NevGold Corp T.NAU


Primary Symbol: V.NAU Alternate Symbol(s):  NAUFF

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.


TSXV:NAU - Post by User

Comment by jaysbc44on Oct 24, 2011 8:26pm
115 Views
Post# 19177575

RE: RE: SP

RE: RE: SP    Gunbra, i have to respectfully disagree with you with regard to the Bors and macroeconomics. I posted comparisons about 6 weeks back. I believe there were 11 Co's(inv4life used 5 examples/ while i added 6 i believe)NAU was the ONLY Co.besides BHP that didn't double in the last year. BHP high was up 60 % I believe. All the others doubled, minimum and several were up 4, 5, 8 fold. Last March we were $3.60...we've had several triggers which should have brought new highs, a dozen analysts had our target price pegged between $3.60-$8.00. We came close in Jan.at $31.19(until PAS blew out 650,000 in 2 days, that's our lead broker on the Bors holding us back. I went to Cancun for 2 weeks and didn't keep stats, but I'm positive we were knocked down.50 cents during those 2 weeks. I imagine both PAS and ESO played a role reducing our s/p, just a hunch. We never touched the $3.60 since. I agree since July macroeconomics have played a role, with management unable to secure our financing so far...with the debt crisis in Europe most stocks have been pounded. There's no shortage of brokers readly to dump our shares on the bors, least of all OUR LEAD BROKERS. Pas since July net sellers -3.7 million shares, ESO net selllers of 1.1 million shares. There is no way management should have chose these two brokers to lead us, the haven't supported us in the least, and have pounded us at every turn. I won't be happy until the Bors is a memory. IMO Stockholm would be a better alternative. It seems to me management for whatever reason is satified to have our s/p beaten up day after day. Their clause of receiving 3 years severance if we are taken over reeks of the main reason we are still on the Bors, much easier to keep s/p down...therefore an easier target to be taken out, again just my opinion.
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