RE:RE:RE:Financing of the first mine : dilution !?Yes it is optimistic. But the pendulum always swings tfrom underpriced to overpriced. It seems underpriced if they are actually going to get into producing 100 000 ounces a year at either of their properties.
What I play with I call it for stocks, I usually want the possiblity of significant gains over a short period. That of course depends on the appetite for gold, for gold miners, and for exploration companies. Having most of the permitting could be a huge catalyst. They have some money to go forward and hopefully create value for the company. NEXG recently signed a contract with promoters for a year I think, at $20 000 a month, plus have given them a bunch of rights which I think were priced at $1.00
If the money is spent on things that don't increase shareholder value, and move it closer to an actual decision on building a mine, then it probably won't be a good investment. I might hold it for a month, or for 5 years. I don't have a lot of patience when a stock price is not going up or at least holding it's own. I will watch it, and make my decisions on my feelings about direction, trading trends, market sentiment. It's always better to buy stocks when people aren't interested in them is my experience. And sometimes you have to sit on them for a while. Watching and wishing I had bought NVDA 5 years ago, or bitcoin a year ago, or even 2 months ago :)
As for the short term, I think there is some hurdles with SGNL overhang. Those SGNL holders have huge tax losses they can still take advantage of up until next Friday the 27. And if other SGNL holders are like me... the NEXG shares have not shown up in my account yet. It's not a loss for me. But they will likely show up shortly.
I always want stocks that I think can go up hundreds of percent. Sometimes I change my mind on that stock a month later.
Good luck.