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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 Dec 15, 2012 12:26pm
268 Views
Post# 20735312

Time for new Management

Time for new Management

Since June24th, ESO(managements super pick to be second lead broker in Europe)has dumped 26.2 million. Even though PAS has started to acquire shares recently they've dumped millions. As soon as positive news watch ESO will continue to dump, PAS has always dumped on a positive NR. With these idiots shorting, management absolutely clueless how to get us shareholders value. ESO/PAS short at highs after NR, to stop mojo,the market and small s/h (nervous nellies, see this and wonder what's going on) see this and dump their shares. As this happens ESO/PAS get more customers to short. As management has made zero effort to promote NAU, therefore ensuring this practice to continue. In early2011 both Haywood and Paradigm from Canada were buying millions of shares above $3. They've given up, knowing the boys in Oslo have no interest to see our s/p rise. Hvide has paid himself 5 million over last 3 years. Here's what we've got for our millions. Failed to secure Sr.loans, delayed DFS of Pellivuoma/Hannukainen by 30 months.(at a million per month, anyone think that 50-60 million in bank would look nice?)diluted our shares by 400 million, has continued to do business with ex employer PAS-even cutting secret deal to reward those clowns with shares at 50%off. Announced logistics, which would offset OPEX costs...that was cancelled. I;m not really seeing any benefit to this management. They own NO shares(except Hvide, but he's getting paid millions for no work, so that offsets). They've continued to stay on Bors, even though mine is in Sweden, and AVA largest shareholder supports stock. These clowns known as BOD/management have to be held accountable for their actions. We aren't getting any value, the market no longer trusts Hvide and his cronies. Time to pool our shares together vote these morons out. Why did management not start on Hannukainen? It was mined in 1980's, had some infrastructure in place, why not do PP when shares were above $3?, why dilute Co. with 400 million new shares at 50% discount?Why move port from Kiruna and go to Narvik? A lot of head scratching questions need to be answered. One thing that has been answered is managements incompetence, and apathy to their s/h. Fire Hvide and his cronies. Get honest hard working management like we used to have with Buck and Ralph and watch us soar to new highs. $1.02 into production is disgusting. $5 million for Hvide to destroy Co. ...his dealings must be looked into, and him and BOD held accountable for their incompetence IMO.

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