Choppy Waters?Fingers crossed we’ll see impactful news either Monday or Tuesday. Can’t come soon enough as we are now sitting at 2 months since the last news release of drill results. Very frustrating given that 5 drills have been active for the past 7 months. Lack of news flow has hampered this stock considerably with the most obvious casualty being the share price. I suppose there’s the argument that news may not matter much given the depressed market for junior explorers these days, but news is also a crucial gauge as to whether the 2021 program is off to a good start or not, and that the company can realistically deliver on their promises and projections. Words alone can’t do that. We need solid results and news in a timely manner.
There has been a fair bit of chatter about assay lab delays due to Covid, but Covid was around last year and news flow seemed reasonable then. Many have drawn comparisons between Nighthawk and Marathon. Both companies started their 2021 drill programs at about the same time (with the same number of drills), yet to date Marathon has put out six news releases of drill results to Nighthawk’s three. Perhaps room for improvement here. It would also be nice to see more insiders active in the stock. During this long run of depressed share price only one director has picked up some stock and no one in management. On the other hand, at Marathon both directors and management have been active. No doubt it’s tough out there, and easy for one to cherry pick comparisons, but addressing some of these negative optics would certainly calm shareholder nerves during such an extended period with no drill results.