I BELIEVE NFG MGMT IS BEING SENT A MESSAGE.......I think we can all agree that today's PR was truly exceptional in grade, width & grammeters!
It is also obvious that the SP was walked back down after the initial euphoria of the PR. This was to ensure that shareholders were not rewarded nor our mgmt team deservedly recognized for yet another motherload quality drill result.
IMO - this is a message that is being sent to "CK/ES/Mgmt" by the established mining industry players that don't appreciate being excluded from what will likely be the greatest discovery this century. They are basically saying (via control of the stock market) that you MUST LET US IN (ie; make a sizeable portion of shares available so that we can control the company & allow us to sell those shares so that we can make $$$ millions on fees that you are freezing us out of).
It is the downside of this most unusual & unbelievable RETAIL opportunity n the mining industry .
Many times I have commented on the uniqueness of this share structure with effectively two PRIVATE parties owning the majority of the shares. It can be a dream come true for retail investors as we have an opportunity to ride this stock to unheard of riches.
For those not familiar with this market, most times when something like NFG is discovered it ends up being sold off to a major mining company in a manner that initial shareholders make a pittance of what the property is truly worth. Mgmt often does OK as they write the contracts but retail usually (not always) gets skewered.
NFG offers RETAIL the opportunity (not a guarantee) to ride the value increase for the entire journey.
The downside though is that those that "control" the industry are locked out. They are forced to assume the same risk as retail investors and buy at market -- something that they just don't do. Pockets this deep only want to buy when they are guaranteed a profit.
The share price is being held down until mgmt capitulates and gives up their control to these industry bullies OR until enough retail understand that the shares are worth double or triple the current value (which is hard to do without an independent valuation.)
Todays price action is about as clear a message as they can send.
I encourage mgmt to hold the course. Keeping hitting the PR's out of the park and direct your marketing efforts to create a groundswell of retail while keeping firm control of the company with the aim to maximize the return for shareholders.
Do not allow yourselves to be bullied & harassed by established industry forces that are basically saying you can only succeed if WE let you succeed and WE have the power and deep pockets to make or break you.
Don't give in to blackmail!!