NevGold Corp T.NAU

Primary Symbol: V.NAU Alternate Symbol(s): NAUFF

Metals & Mining Industrial Metals & Minerals

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.

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NevGold Corp > What am I missing here

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Comment by farroukon Nov 24, 2010 7:09pm

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Post# 17754044

RE: What am I missing here

Metalman2

This typical in a low ball financings deals like this. Brokerages and funds will sell there old shares at a higher market price and buy the cheap ones in a new financing (13.5 NOK)
The big boys make some money on the spread and the retail suckers get fleeced.

Wouldn't surprise me if Mr.Frode is offered some more shares as he only has 1.5 million or so left.

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