Gold price not being followed by share price. I think I might have the answer to why the share price is not following the ever increasing price of gold. Which is up over 2050 as I write this.
People that are purchasing gold are reacting to news, be it financial news, the value of the American dollar, and, or world troubles. The value of NFG will not be realized for several if not many years and this does not play into their safe haven scenario.
Gold is either been manipulated, likely, and is being purchased by sovereign banks and individuals as a safe haven. NFG will only fit into this for individuals once a resource estimate has been made and a mining plan is in place.
Those of us that are in this stock for the long term should not be worried about the every day price unless we need the cash or wish to buy this stock at a likely, fire sale price. The same comments could and do apply to many if not most, exploration companies at the present time. This could change at any time. I definitely do not have any idea when NFG plan on announcing that they will start open pit mining, could be shortly but not likely until they have had the final seismic information and maybe not then. Cheers.