Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Buck007on Feb 16, 2012 10:35am
205 Views
Post# 19542525

RE: 288 Million @ CAND 1.13 / Share...

RE: 288 Million @ CAND 1.13 / Share...

You can spin this story anyway you want but it is a failure of management and the Board to get the financing as stated over a year ago.  With the compensation (including servence) these people are getting we the shareholders expect proformance.  Failure is not option.  I expect that as is the Swedish way the blame for this failure is spred so thin and wide that it would be impossible to sack the CEO.  For those of us that have lost large sums of money in this feasco there is no recourse.  Certainly the Bors should look at trading prior to the announcement of the equity offering.  The China Wall between the bank and borkers should have been soild.  The queistion was it? The announcment should have not come as a surprise to the market.  Where was the transparicy that Anders alsways talked about?  Shaving words in order to cover yourself is not transparency.  Where is the orginal deal in the dust of some file cabinet?  Let's blame the European finacial crisses that is just a cop out by management and the Baord.  Say what you are going to do and then do what you say.  Be big boys admit yoiur failure to the shareholders resign (without servence) and let the company move on.  KA should be sacked along with Anders.  They failed it is as simple as that.  Spin it as you like but the dilution is unacceptable and the discount far to high.  The price of the bond is also to high.  This was a give away of the company not a financing in my opinion.

<< Previous
Bullboard Posts
Next >>