RE:RE:NULGF Share DumpHi Mark317,
The company announced plans to file a NI 43-101 in early 2018....but after further evaluation, NUG management decided not to do so. I contacted the company (specifically James Anderson) directly as to why they changed their minds on this direction. Anderson replied that, after further evaluation, NUG management felt that they needed to add more soild drilling results, i.e., find more gold in order to move the needle in the right direction. I believe that they made the right decision...their gold is scattered about over their property but not found in enough abundance and concentration as of yet.
In my opinion, NUG needs some solid drilling results this spring and/or later in 2019 before a NI 43-101 is revisited by management. I'm holding, very frustrating to see a rising gold price and a falling NUG price simulataneously.
I strongly encourage you to reach out to management via a telephone call and/or email and introduce yourself, and pose your questions. The company has always been responsive to my questions, a very important reason to me as to why I remain a shareholder.
The obvious pressing issue for NUG is can they find enough gold before they run out of cash? This issue is becoming more apparent and I'm hoping for a breakthrough for shareholders in 2019. Simply put, we need too find more gold in 2019 or else?
Regards and thanks for posting,
Goldred