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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

Comment by jaysbc44on Feb 17, 2013 3:47pm
217 Views
Post# 21003124

RE: Where was due diligence

RE: Where was due diligence

Absolutely disgusting how this management and BOD have treated their shareholders. Total incompetence and indifference to all but Norwegian s/h, be interesting to see who shorted ESO(30 million dunp from June/12, further 37.2 the day of debacle). doubt Bors is interested as PAS/ESO, etc made hundreds of million on commission alone. TSX,Bors have certainly dropped ball, halt at 6 noks should never have been reduced. Been reading old emails from Hvide, in Mar/11, he was disappointed for 2 week delay on DFS Hannukainen(blamed it on SRK being very busy...must be crazy busy...2 YEARS later, still no DFS). This carrot was dropped on investors by management, to ensure we thought value was coming, obviously management couldn't care less, the info was "leaked"to their Norwegian friends. Still shaking head how BORS/TSX alllowed last financing with PAS dumping on inside info. True it happened on lawless Bors, but certainly affected our s/p. Hvide obviously was content on Bors where management wouldn't be scrutenized. Another tidbit from Hvide, Feb.2011. I complained of our s/h, Hvide once again didn't take responsibility, but blamed it on a rumpr he heard a broker from ABG Sundal Collier(London), sending out negative emails with regard increased transport cost if using 70/t trucks. Hvide mentioned could be 4/5 $ ton increase, but he found other savings. EG, $19 adjustment in DFS , now at LEAST $56 premium. HMMM!!!Feb.2011 a week later, i congratulated Hvide for security Sr.loans. Yet we went from $3.30 to $2.92(i wonder how many of those shares were Pareto???) Asked agian about going to legit exchange(ouch, must have hurt poor Anders). Pellivuoma was to be released also by 1st quarter. Wow, once again more incompetence, kinda seems they're incompetent and have NO interest getting s/p up. Delay after delay. But big question they had NR bragging finalising Sr.loans...so what happened? That these clowns had to give PAS a 50% discount, 11 months later. Stocks at $3, why wait to do financing at $1.21...disgusting. Haywood was still accumulating at $3. Feb11/11. Hvide replies next BIG NR would be feasibility study on logistics(mar2011)DFS Hannukainen another delay 4th q 2011. Oops, he mentioned Deans Knight still accumulating. Sept 9/2011. Down 24% for month(55%year), asked why management wasn't buying? Again blames nervousness on market, and financing. Which they announced finalized in Jan. Weird. Asked AA to reply to management not dealing with PAS dumping, mentioned both Norwegian/Sweden BB hammering PAS. His reply, they are focusing on advancing project..but to PROVIDE ALL STAKEHOLDERS timely and CORRECT info. WHAT happened there? The list of lies, incompetence, favortism to Norwegian s/h is disgusting. After i mentioned their rules of ethical behavior(old managements idea, not these donkeys)it was quickly removed from website. There will eventually be investigation, if done by Sweden, or Canada, not Bors these idiots will be in a mess of trouble. There is no way these incompetent liars should be still involved in ANY decisions, they've shown as idiots, and incompetent greedy liars. We deserve much better. Halt this stock in Oslo till answers are released. Fire all these clowns. Get real management, sell Hannukainen if needed, beg to Swedish government to help with logistics. Re negotiate bond loans, and we have a chance. This management team isn't interested in s/h who they work for, but clinging to their fat cheques. It's criminal they are still involved. From $3.4 april'11, to adding 260 million shares, yet market cap at 10%-and they still get paid. We need investigation, house cleaning, justice.

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