Post by
nozzpack on Apr 08, 2024 1:58pm
Major Increase in NFG Share Price
Over the past week to 10 days .
A variety of reasons could explain this sudden price breakout .
But, when equity is the major funding source for an acquisition, it's not unusual to see the share price of the acquirer move upwards to minimize dilution .
NFG has a $5 million US loan to MAE.
NFG just announced their first mettalurgical results that match perfectly with the technical processing capability of the Pine Cove mill.
They have a MOU to toll Queensway ore at Pine Cove.
Nugett Pond mill is being cannabilized , technically increseing the refining capability of the Pine Cove to NFG specifications.
On the Maritime side, there is obviously quite a bit of development activity going on which ordinarily would elicit a NR update but that has not happened .
Also seems to be resistance in getting past 6,5 cents .
All of this can be explained otherwise but you never know what's really going on....
AIMHO..
All