RE:RE:RE:RE:Interesting
AlwaysLong683 wrote: Perhaps NFG is just reporting their very best cores and spreading them out (one per week) while holding others back.....? Hard to imagine them receiving assay results on only one core once per week over the past three weeks, though I suppose it's possible.....?
I think if a company can gain a reputation as a straight shooter with the investment community, they are better off than if they do things like slow-walking results they have in hand that may not be what was expected or hoped for.
I don't think you will get the answers you are looking for here on this bullboard. We have no idea if the company has received the assays back from Perth or any other assay Lab for that matter. I think they might be using at least 3 different labs. NFG management could be sitting on results for a short period of time I guess without releasing them. I really don't know how long a company can sit on drill results before releasing them in a news release. I do know some companies, especially the larger gold majors only release assays once every quarter of the year. Would you prefer NFG do that and release them all in one big batch only 4 times per year?
I'm thinking a junior miner would have to release drill results at least once every quarter just like the major gold companies. So legally they are probably allowed to wait but I honestly don't know the regulations on it. I think I read somewhere they have to be released in a timely manner. But what does that mean? That can be interpreted a lot of different ways and is basically up to the individual what he/she thinks is timely. It must be written down somewhere exactly what the regulations state.
Let's face it most junior gold companies want to release good drill results in a favourable market so it has a positive impact on the share price. The last 3 sets of drill results were excellent in my view. Every bit as good as the drill results that were encountered at the Swan Zone at Fosterville which is one of the richest gold zones in the world. Unfortunately it didn't have a positive impact on NFG's share price. I think everyone is unhappy with the share price more so than the delay in assay results. If the stock was trading north of $10 we all would be much happier but the market is the market. Such is life. Lol