It's been a huge mistake to NOT combat the Shorts I think it has been a HUGE mistake to not have a plan to actively promote NFG stock, to counteract the obvious major manipulation from the Short position here.
I doubt there is another Canadian resource exploration company stock that has been manipulated as aggressively by a Short position as nfg has in the past few years - Particularly starting this early summer the manipulation has gotten into high gear by the short position. Possibly, NFG gained has been a target due to its size / liquidity..... and possibly other reasons (Could a prominent Short player be being paid to push down NFGs stock price, in order to help a BIG PLAYER such as a Big Gold company, accumulate shares of NFG?).
At one point, nfg management, at least CK, I believe stated, that he doesn't believe the short position has any effect on nfg's price. To me that is a naive viewpoint.
As Nozzpack has pointed out, there is likely wash trading between different Short position participant parties, in other words, selling short shares to another short position holder. They can do this back and forth and push down the price of the stock.
I would think this is illegal and, we know Eric Sprott has been looking into the short position Shenanigans in this stock. However, it is hard to combat short manipulation, especially if much of it is being directed from overseas.
So the conclusion is is that nfg management should have been doing something to try to combat the obvious manipulation in nfg stock.
I do not believe there is anything fundamentally wrong with nfg as a company. When you compare it to Snow Line, as the professional basher on the ceo.ca board has been doing, they conveniently leave out that snow line is in the Yukon Wilderness, hundreds of miles from any infrastructure with no roads going to it. Snow Line will have to build hundreds of miles of roads to ever develop their deposit. And of course nfg is right in the middle of all the infrastructure that you will need to build out mining operations, and as cheaply as is possible for ANY resource firm in the process of developing mining operations.
The north Queensway Drilling is within sight of the trans Canadian Highway as well as transmission lines for electricity. Also, Gander, one of the biggest towns in Newfoundland, is within a short driving distance, and has 10,000 people, many of whom are skilled in outdoor work, including mining operation.
And of course. nfg has the memorandum of understanding with Maritime resources, whereby nfg could quickly go into production if they so choose.
The conclusion is that this stock is being aggressively manipulated by a very aggressive short position. We know there is a niche industry which has developed over the years specializing in shorting Canadian resource stocks, particularly those in the exploration stage. This is a fact.
ERICH Sprott is involved, along with other prominent people in the Canadian Resource stock sector, in Founding a group called ' Save Canadian Mining'. This group's purpose is to combat the niche industry of small professional investors shorting Canadian resource stocks, using illegal and/ or dishonest tactics to try to drive many of these small companies out of business.
One would think wash trading between Short position holders would be illegal. It is obviously a tactic based upon deliberate deception.
Note that the CEO.CA board is almost entirely posts between the many many made up, FAKE IDs of the professional basher we call 'BUCCO'....I find it virtually impossible to believe that he is not hired by what I believe to be the central player in the NFG Short position.
I doubt you could find one comment board for the stocks of Canadian resource companies that has so much activity, and such strange posts of new posters coming on board, bragging how great their investment accume is, and the conversations between the purported poster (I belive ALL of them, other than Aardvark, a recent devotee and seeming protogee of Bucco) are fantom posters created by the professional basher/ poster we call Bucco. The CEO.CA is simply a total Rat's Nest of Deception by the likely paid basher (s) hired by the Short players.
So the conclusion for existing shareholders is we just need to hold on to our shares. I suspect we'll probably get a turn around this coming year, probably, in the months ahead. We have lots of drilling going on.
The Queensway project is absolutely huge and we've just begun to explore the 550 square miles of the Queensway Players.
Shareholder/posters on this board have estimated that there's a fairly substantial resource of gold ore already discovered just on the North Queensway portion of nfg's property, a small fraction of the total Queensway project, which has signs of gold up and down the two 100 ++ kilometer faults traversing Queensway.
The sooner we get into production, the sooner the Short position will be forced out