North Country Gold Corp V.NCG

Things looking up?

[broxburnboy]

From Morning Coffee newsletter ( Canaccord):

North Country Gold* (NCG : TSX-V : $0.38), Net Change: 0.05, % Change: 13.43%, Volume: 840,029

Time to re-visit? Shares of North Country Gold jumped after neighbouring gold producer Agnico-Eagle (AEM) reported robust production from its Meadowbank mine in Nunavut. For the quarter, the Meadowbank mine produced record gold production of 110,988 ounces of gold at total cash costs of $734 per ounce. NCG owns the Three Bluffs project, which currently hosts a NI 43-101 compliant resource of 4.30 million tonnes at 4.90 g/t gold for 678,000 ounces gold (Indicated) and 4.53 million tonnes at 5.69 g/t gold for 829,600 ounces gold (Inferred).

Recently, NCG announced that it has acquired eight claims totalling 19,369 acres located in key strategic positions adjacent to the company’s Three Bluffs and West Plains target areas, in the Nunavut
Territory. Commenting on the deal, NCG's President and CEO, John Williamson, stated, "North Country believes that the potential for discovery of new ounces on these claims is excellent, and given the proximity to demonstrated resources and mineralization at Three Bluffs and West Plains respectively, this will provide the company with additional opportunities in developing the gold potential along the belt." Investors are beginning to re-visit NCG, given the company’s small market cap (~$40 million) and exciting exploration project. Add to those points AEM’s success at Meadowbank, which has mitigated some of the concerns around mining in the far north, and NCG shares appear poised for continued market attention.

[galleygirl]

I don't believe it would be a particularly sage strategy to pay much heed to Canaccords ramblings regarding this stock. I'm sure they're just a little tongue in cheek and meant to fool the unwary.   Most would know only too well that Canaccord's  been the prime backer and underwriter of NCG 's public financings ( aren't many of those clients thrilled )...and

[broxburnboy]

I think you need to reread the commentary... there are no falsehoods and no pumping. Shooting the messenger (canaccord) is not a rational response to a factual article.. question the facts if you find them wanting. Canaccord, like all the financiers in the junior space play games with the stock price... but the fundamentals of NCG remain intact... it is a speculation on their ability to find

[galleygirl]

Possibly you misread or misunderstood my post.   I have no argument with the Company or its fundamentals...but I would certainly observe, and the facts will reveal, that Canaccord have played fast and loose with this stock and used it as a cash cow through their underwriting fees, options and compelling market machinations.   My pointed reference was to Canaccord's recent

[broxburnboy]

If the purpose of the article was to pump the stock price so Cannaccord can dump some shares at a higher price..it obviously failed...(again). Cannaccord has had lots of opportunities to dump this "radioactive waste" on previous cycles. It seems more likely that they could benefit by driving the stock price down prior to the next PP to finance it at a lower price. I'm not sure that