RE:Good to see Eric Sprot stepping up again to buy NFG.hiya Dan, it's a call you have to make, myself i'd prefer a kilo of gold over 1 bitcoin, tangible, and tradeable most anywhere with little risk.
sure there are "opportunities" now but i feel the future is in Newfoundland even if there are bumps along the way in POG, park your shares, dabble some elsewhere, don't use your lunch money etc etc.
btw, there is a USA ETF firm called VanEck you may be interested in, they are a 2.1% owner of NFGCorp, although they do also do a lot of business with China, if that's an issue, to consider.
good luck either way.
DanWarren wrote:
I got into NFG pretty high. So, I'm sitting on some pretty sizable losses. If I had been a very experienced gold stock investor from Canada, maybe I would have had the courage and wisdom to take the strategy that gold exploration companies always take time to develop, and that too much froth was evident in the Newfoundland story.---------------- But, that is hindsight. So, the lesson we are learning here is PATIENCE.--------- I have been looking at NFG as a very long term investment, so, that's my plan for now. Just hold, save money, and look for more opportunities. ---------I still think that the gold stocks are crazy undervalued, while the general market is crazy overvalued.------- I'm now getting intrigued by the crypto market, but, it is very hard for me to understand it------- But, there are too many very bright people who believe this is a world changing technology to ignore it as a dumb fad, the way I had been thinking previously.--------' I had looked at NFG as a ten bagger or more opportunity, with just one key variable, how much gold NFG finds, and the secondary imponderable as how high does the price of gold rise over the years, as you wait for NFG to fully develop Queensway.. I still see NFG wuth that persoective---------I looked at Crypto as having so many imponderable factors, and such a barrier for a non-Computer nerd to understand, that you just couldn't anslyse it, or compare it to the situation you have with NFG.---------I still think that is largely the case, but, I am beginning to wonder how significant and powerful the Crypto area is, and even whether it is a Megatrend which will hold the price of gold down.---------- There is little question in my mind that it has been some factor in holding the price of gold down, but, would it have mattered if the CBs and their facilitators are holding gold down anyway?---------- So, the questions surrounding the CRYPTO phenomenon is on my mind, and I'm trying to understand it......If anyone has any thoughts on these matters, I'm listening. -----------Thanjs to all the posters here which do such a great job keeping up on analyzing NFG. I dont have much input on that, so, I just read all the posts here, and keep up, and give some of my BIG PICTURE thoughts, when I have something to say.