RE:Lab results from anybody?
Flyder wrote: Save for LAB, all the Nfld stocks that I follow have not reported any results for a few weeks now. Is there anyone on this board who lives near, or knows someone who lives near, Springdale, where the assay lab is? I can't imagine how big of a yard they must have that must surely be overflowing with core waiting to be assayed. Are they on strike or something? Weren't they supposed to be doubling in size? Sure seems to be a huge bottleneck that puts the brakes on this incredible gold play. Summer doldrums are bad enough, but throw in a slow lab ...and we wonder why the stock prices are falling?
The silver lining is what will happen when that bottleneck bursts open and assays up the ying-yang will be flying all over the newswire. Maybe NFG will get back to announcing whopper holes on a weekly basis again. For awhile in the spring, one could hardly catch their breath before more assays were released that would beat prior results. And the climb in the stock price during that time was utterly head-spinning. Will we return to that scenario once the lab figures out how to increase production?
Sure we had an update a few weeks ago. We are spoiled with so many great news releases in such a short time period. Not one other exploration company in the world has released as many news releases with earth shattering drill results as New Found Gold has during the past year. The backlog at the assay lab will clear soon and the NFG guys will provide more of the same great drill results. All the drills are still out there so nobody has to worry. And the rumour on the street is that there is still lots of butter in the drill core. The Golden Valley will not disappoint. I was in buying more the past couple of days. I was lucky enough to snatch up a pile between $9.25 and $9.35 and even a 15k block of shares at 9.35 yesterday. Thanks