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NovaGold Resources Ord Shs T.NG

Alternate Symbol(s):  NG

Metals & Mining Gold
NOVAGOLD Resources Inc. is a precious metals company, which is focused on the development of its 50%-owned Donlin Gold project in Alaska. The Donlin Gold project is a development-stage gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62-degree North latitude and 158-degree West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The project is held by Donlin Gold LLC (Donlin Gold), which is owned 50% by the Company's wholly owned subsidiary, NOVAGOLD Resources Alaska Inc., and 50% by Barrick Gold Corporation's wholly owned subsidiary, Barrick Gold U.S. Inc.


TSX:NG - Post by User

NovaGold Resources Ord Shs
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Post by anmckennon Apr 16, 2009 6:30pm
1022 Views
Post# 15924671

Update on NG !!!!! WOW

Update on NG !!!!! WOWWhat the hell is this piece of garbage.
https://www.marketwire.com/press-release/Novagold-Resources-Inc-TSX-NG-974993.html

How can anyone have any hope after reading the last paragraph of this update????? Saying things like :

"There can be no assurance that the Company will be able to secure thefinancing necessary to retain its rights to, or to begin or sustainproduction at, any of its mineral properties."

"There can be no assurance that financing will be available on acceptable terms, or at all."

"Thefailure to obtain financing could have a material adverse effect ontheCompany's growth strategy and or results of operations andfinancialcondition. Development of the mineral properties wouldrequiresignificant capital ."


Howcan you read that and not have an upset stomach? This makes me a bitunsettled. They are basically saying, they have nothing and couldloose it all any day. Even though gold has helped this one out, whatkind of future can it really have, highly speculative for me. Ive beena believer in this on since the big crash from 20, I bought at 8 andaveraged down. I now have a wheel barrow full at 1.49 and am waitingfor a pay day. Can anyone offer insight into NG's future. Seriousposts please
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities