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Northern Freegold Resources Ltd. V.NFR

"Northern Freegold Resources Ltd is engaged in the exploration for mineral resources in the Yukon Territory, Canada and Arizona, USA."


TSXV:NFR - Post by User

Comment by Lara6730on Apr 23, 2013 12:58am
195 Views
Post# 21286795

RE: Cocooning Period.

RE: Cocooning Period.

@Maaxxy.  Yes, 2 months ago, but nevertheless still very relevant.  And yes, things can change rapidly. For example, financings for junior explorers right now is almost non existent.  Those who have the ability or good fortune to get financing these days can only count their blessings and be extremely frugal with their funds in the hope that the current situation will end sometime soon.  In the meantime, they have little choice but to hunker down and wait it out to ensure these monies will keep the lights on and hold them over until such a time as things improve. Many juniors will not survive.  As such, I don't feel we can expect any significant programs being undertaken by NFR until, like I said, things improve. Commodities are taking a serious hit currently.  Financings are in the crapper.  Only those with funds will survive.  Many will be lost forever and many will be taken over for a fraction of their true worth.  I don't see NFR in either of those camps.   L.

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