RE:NFG is going to be a mineWell... if they are getting better results this year they sure arent telling you a shareholder about it, are they. On the 22nd of this month it will have been 4 months since drilling supposedly commenced. Have you had any news whatsoever on drilling progress, no... nothing.. diddly squat. How long does it take to drill 6000M? Not 4 months. Maybe I'm wrong and they are using a bobcat to drill. Take my word for it the drilling is done.
NFG has $40,000,000 cash in treasury, IF GLDN had hit anyting juicy NFG would be on them looking to cut in. GLDN behaves like one of those juniors that through majority ownership of their shares by a major have effectively become a subsidiary and seldom provide any news other than what is mandated by the TSE.
At 6 cents a share 58,000,000 X .06 = 3,480.000 GLDN is trading at cash in hand value and zero value to it's properties. But there are no bidders that I am aware of.
Considering the current near death scene of the TSV market GLDN would have to hit potential bonanza grade gold to benefit share holders in a major way. But with the group running GLDN I expect that you might see your shares hit 8 or 10 cents thats all as only leftovers accrue to the rank and file shareholder.
The TSV should force all listed companies to provide proper progress reports once they announce drilling has started. To just announce drilling and then leave shareholders guessing for months is unethical in my opinion. This just makes the junior market look more like a lottery gamble than an investment or speculation.
But then again I have seen some total frauds pass right under the noses of both the Exchange and the the industry security apparatus... NNA..New Nadine comes to mind a total scam involving a worthless stock rocketing from 8 cents to 500 cents ( 5 bucks ) a 6200% gain for those in on the sting.
WBJ