RE:The Latest Iteration of the Long running, Short Attack on NFP.S. My contention has been for some time that the Short position has consistently held he price of NFG down. The Short position has worked assiduously to CAP past rallies on good drilling news, and recently on gold price rallies.
The GDXJ, the fund that includes junior gold producers and explorers, has made significant progress. Meanwhile, NFG has been consistently been pushed lower, slowly and relentlessly over this summer......now the Iceberg report tactic.
NFG has a lot of catch up to do in regard to the GDXJ.
of course, NFG needs good news to advance, or possibly just opportunity buyers taking advantage of what looks to be yet another Short Position trick tactic.
But, I've thought for some time that the ending of the Short position, and all of their aggressive and nasty tactics would be needed to allow NFG to have it's inevitable rallies on good news, and then to have these rallies STICK, to be built upon with future rallies on good news.....thus is a sustained uptrend built.
Is the Short Position covering?
If so, the above conditions will be met, in my view.
And, the NFG stock price is at its lowest point in years.
If the above is actually the case, and with gold in an apparent relentless uptrend, and with NFG having made very substantial progress in the past few years, conditions may be ALL lined up for a sustained uptrend.
Of course, NFG still will need to raise more capital for ongoing exploration....but, do they have a surprize plan for this, given the authority they recently sought and got to raise as much as $300 million CAD through the sale of stock.......is there a deal in the making?
I don't know of course, but, lots of factors for NFG seem to be lined up for NFG.
BTW, the Iceberg report, mysterious as it is, is NOT the only report on NFG. I believe there are maybe 4 or so other research reports on NFG, from ACTUAL brokerage research, and all of them project much higher stock prices for NFG.... in the area of 2-3 times current prices.....and those are basically a year or two projections.
It will take years and years to reveal how much gold Queenswsy has, whether NFG will be Totally bought out, or remain independent, and go into production on its own.
It's a long and winding road, but chances seem very real, and very substantial gains possible, possibly much more than 2-3 times increase.
Unwinding of the Short position will likely end the Short position manipulation, and nasty tactics they use.
We'll know in a few weeks if the Shorts are covering.