RE:RE:RE:First Monetization Project …Keats TrenchI used to think you were an independent trader, Condor 1, who occassioally came on this board and gave his opinion
Lately, you are looking more and more like one of Bucco's LEGIONS of IDs, but one that he keeps in reserve and uses very sparingly.........but the 'sparingly' has now been tarnished.
The events in West Africa put a new spotlight on just how vulnerable the miners are, (particularly the gold miners, with their particular commodity being actual MONEY that the worldwide central banks are insistent on accumulating) in having the assets they so arduous built, constantly being drained of the value they built, if not outright confiscated..
Read this article to see the utter collapse of confidence in owning mining assets in Africa..
This is NOT being shrugged off by Big Gold companies. And, we also see the drive by producers to buy assets in SAFE jurisdictions....how futile to go through the long, arduous and EXPENSIVE process of developing mining assets in the third world, only to have the expropriation of the value of such assets by these countries run by the equivalent of petulant children.
Africa is the worst, but Latin America is always vulnerable to this same action. Recent Panama's action did the same to another company, and the new ( socialist woman) head of Mexico banning open pit mining, though some think this will be reversed as she is just an another environmental whacko, and saner heads will prevail..
NFG couldn't have a higher ranking as to totally favorable jurisdictional factors, for being in Canada, but particularly the province of Newfoundland and Labrador, the equivalent to Appalachia in Canada, crying out for economic development and jobs.
NFG has the best infrastructural advantages one could possibly imagine, no need to elaborate, for building mining operations. There is NO project in the world, I imagine, that can top NFG for its jurisdictional safety and infrastructural advantages for development...none.
As for Big Gold jumping in immediately to grab these world class advantages NFG has for development, I had been quite skeptical of, but much less so, now, particularly in regard to the Rueters article above, and also the threat the article acknowledges that these third world countries can engage in expropriation of these mining assets, and if Big Gold doesn't like it, said host country can simply bring in Russian or Chinese mining engineers to take over.
Still, I do hope that the new management blood will begin to focus on developing mining ASAP. If BIG GOLD wants to participate in a minority interest, that's OK by me. However, the BIG BUCKS long term will come from remaining independent, NOT selling out to Big Gold. So, keep any BIG GOLD ownership to an absolute minimum. This is very important to the long term upside of NFG. Junior gold companies are being bought out by Big Gold companies and STEAL prices everywhere, with these Juniors in terrible bargaining positions.
Big Gold is demonstrating everywhere that they only want to buy at cheap prices. Could NFG be an exception?......maybe.
I coined the use of that term ' Catbird's Seat' for NFG. NFG, compared to other junior gold stocks, is in the Catbird's Seat in having such a preeminent position in negotiating their future in respect to Big Gold pursuers. But, through naivity, they allowed this growing Short position to eviscerate the share price, greatly eroding their Catbird Seat bargaining strength.
Collin Kettel I suspect has been very naive in this regard. NFG SHOULD HAVE been countering the Short positions sabotage, but he didn't believe the Shorts were a factor, according to his interviews. Yet Erich Sprott was very aware of the destructive effect of the Short position and their ever present manipulation....so much so that he helped to start the anti Shorting organization ' Save Canadian Mining''.
I suspect that ES's hands are ALL OVER this management shake up....it's about time to get shaken out of this management denial mode, and to create a plan and communicate it to shareholders the way forward to mining ASAP.
The other juniors I follow have no hesitancy in stating their plans for the way forward. NFG has been ludicrously secret in this regard.
To eschew plans and actions to get into production ASAP is totally ludicrous. The notion that getting into production ASAP might offend some possible BUY OUT plan by Big Gold is incredibly stupid, if this was the sentiment behind remaining secretive and reluctance to move towards production ASAP.
Get your a s s in gear and move toward production ASAP. That action puts you back in the driver's seat, and enhances your position of being in the Catbird's Seat for preeminent power in negotiations for development into the next stages for NFG..
I imagine the Short position is either in covering mode, having driven down the share price of NFG so low ( lots of huge buying going on level two....huge bids.....like the 150,000 buy order sitting on the Venture the last few days), or, with this managment shake up in favor of movers and shakers, the Short position is reevaluating their decision of whether to cover, now.
" Don't Sell Out to BIG Gold. - BECOME BIG GOLD ! "