A good post!Amongst all the blather written about this this morning (and there were a few great posts, don't get me wrong!) - but this one from Snidely brought it all back down to Earth (and bear in mind that I was there for the not-so-disimilar:event with PVG back in the day):
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@Snidely @Newton Nothing about this impacts the way I see the future prospects for $NFG. I think your comparison to $PVG is very apropos. In fact, long-term, I think it will be a net positive because it will be an impetus for advancing into more effective, efficient and accurate drill core testing methodologies. I think management should be applauded for being willing to take the short-term hit and put that information out to the public. My issue right now is that the company has been pretty quiet after dropping that press release. They need to get out in front of this and blast every channel of communication how they released this information because they value transparency and they never want their integrity called into question. Then they need to emphasize that while this all may be a result of natural variability or statistical anomalies, but everyone can be assured that they are getting to the bottom of it. Then they need to close with the message that NFG will use this as an opportunity to advance their processes so this whole situation shouldn’t be seen as a setback but an opportunity for progress. So they did the right thing but didn’t need to incur this much punishment for it. Their failure to follow up was a major unforced error… Thanks, Snidely!