RE:RE:Reasons to Hold. Partial list.Problem is three fold, eveything you said is correct BTW
- They keep doing unwarranted step outs way to far, they have had a great deal of success with the 100 to 200 meters step out, 1000 meters step outs is ridiculous when they should be conserving the Treasury
- The gold markets is funked, nobody wants in, the venture market is spolled from ridiculous gains on shell weed companies, of almost all wont be around in a year or two.
- NUG message has been all over the place, first they were a small shallow 1.0 gpt deposit with an up side. now they are maybe gold rush but maybe not, They have done nothing to emphasize the amount of OZ's they have with Serena, the market doesn't trust them anymore.
This team has a mountain of damage control to do now, and they needed to start yesterday. and the market will be a hard win back, one of the best holes in nevada this summer barely did anything, and entirely new epithermal at VIO and the share price dropped, they really need to address why.