Question to HighlanderHighlander,
i am a long time investor in NUG (2011) and have followed your always positive comments on the potential of this company. The timing of nUG latest PR could not have been worst now that POG seems on its way up.
I was a believer in Albert and the chief geoloy with a Ph D whose german name escapes me now. I know the strategy of wildcatting was a disaster when they should have concentrated in defining anyone of the known deposits and produce a 43-101.
so my question to you is this:
How do you see the situation with NUG? You sure were a promoter of this stock and suspect you, like a number of us, stuck with the company and did not bail out, otherwise you would not have the face to still comment after the debacle.
Is there is a way out of this bottom? Is a new offering and more dilution inevitable? Ifany of the partners (Barrick, Oceana) offer anything for this dead dog it would be pennies, not a solution.
i assume Biil Smith, the other promoter, bailed out long time ago and is laughing somewhere..
I wonder if Albert, the geologist , and the other directors sold before the debacle.
This situation with NUG should be a case study on how NOT to screw up a junior exploration company and should be in the textbooks... what a disaster this is with allegedly “smart” and honorable directors and managers...