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NevGold Corp T.NAU


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

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.


TSXV:NAU - Post by User

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Post by jaysbc44on Nov 30, 2010 11:33am
212 Views
Post# 17776759

Inevitable

Inevitablehas happened, we are at $2.29.  With financing at $2.27, management made sure we got hammered to finance price.  Frode blew out 669,000 last week, so my calculations Pareto our lead broker from Europe dumped 992,000 shares without Frode's help.  Seems UBS and JPMorgan don't want to be left behind ...and are dumping like mad, either to exit or enjoy what little spread is left.  NEVER seen a stock held with such contempt.  Announce 5 million tonnes iron pre sold...stock tanks.  Stock trades at 15.5 NOKS for months, and management has the b#lls to set private placement 10% below trading value.  Email management asking for clarification on why we'd raise money below fair value...no response, ignored. We continue to get played in Oslo, yet no move to more credible exchange  As a long time shareholder I'm disillusioned.  Hoping management turns this ship around...maybe our only hope is hope for a take over.  My once loved NAU is turning into a dog.
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