RE:RE:RE:RE:RE:RE:RE:NFG: We need drilling news!imo - the POG has some effect but it is minimal for an exploration company.
The public float is so small (somewhere near 50M shares) that the price will be easily moved during times when news is scarce. For example, during the past 4-5 months the SP has declined by ~50% directly because the company was unable to release assay results. First it was due to the industy wide lab problems and then because we wanted to prove beyond a doubt that NFG's processes were sound and honest. It was as everyone expected but they proved the processes are good, clean and honest -- this will assist new investors.
These delays led to a SIGNIFICANT decrease in the number of PR's which in turn impacted the SP.
So now we are jat the beginning of ramping the PR's back up to mid-2021 levels and basically re-starting engagement with new investors in the NFG story. It's a case of "while we ALREADY DO have 50 or 60 BONANZA GRADE +100grammeter assays" what have we accomplished today? So everyone waits for the next PR with baited breath.
With 25,000 meters of assays still in the lab and 11 drills running 24/7 (creating even more assays to be done) we are re-starting the "build excitement" process but now starting at $8/share (Cdn) and $1 1/2B valuation. As these assays continue to prove up resource and discover new zones and hopefully many more +100gmetre assays, the junior mining investing public will again start to clamour for NFG shares.
We don't need additional $$$$ with ~$140M in the bank so PP's won't be increasing the share count.
We do have short sellers (also used when accumulating a position) which will ONLY have the market from which to acquire covering shares when the public again catches on to the motherload characteristics of this deposit. And this time we have the entire USA investing public as potential shareholders due to our new NYSE listing.
SO already 2 major announcements since the assay process was verified and my guess is 2 to 3 more before the passion for NFG starts to catch on outside of existing shareholders. It's the drill bit that will drive SP and POG impact won't be felt until future phases.
I don't want mgmt to just dump info into the market -- better to manage the information flow and explain why each PR increases the value of the corporation. Build the support base for price to move to $20 by YE.
As a thought -- if you want to help build the passion fire --- GGG is running an ongoing summary of drill results updated as each PR gets released. It is a powerful statement to ANYONE that understands mining. Share the info widely until it takes off on it's own.........