RE:RE:NewsRetiredgeo wrote: If you follow the entire gold sector instead of just NFG, NFG bobs up and down with the sector. It isn't manipulation, it is apathy. Few care about junior mining stocks these days. When will the great sector rotation happen? - I'm still waiting! Eric Sprott said it accurately when he said "no one reads press releases anymore".
at some point sentiment will change in the sector most retail investors don't like a sale they would rather buy after something has gone up 5 or 10 fold .I remember when gold was 1400 in US$ and 1401 in C$ I couldn't get anyone interested in gold bullion now that it is hitting new all time dollar highs 3550 C$ I have friends telling me they are thinking of buying and what do I think lol
of course I told them to buy any dips but don't chase it same could be said right now for NFG it's on sale but the retail investor doesn't like wholesale they like to pay full price . Each person needs to evaluate their own situation and risk levels and if you have an appetite for some jrs exploration companies in your portfolio Newfound gold is one that is worth looking at that my personal opinion
I belive once this news gets digested the stock could react positively unless we get caught in a temporary gold correction but at this price I think it's a no brainer GLTA