RE:RE:RE:RE:RE:RE:Gold in the ground Bucco has thousands of IDs.
It's hard to determine which IDs are Bucco IDs, but, I believe he is careful to disguise some of his IDs as well meaning shareholders, who are 'merely' showing reasonable 'questions'.
Still, I'm also skeptical that Big Gold would negotiate a buyout of NFG at some dramatic price above current pricing.
The entire junior gold stock sector is so cheap that they can play hardball in any negotiations.
Calibre bought Marathon under duress negotiating conditions. I don't know why Marathon couldn't get financing to finish their development, but, they weren't able to, and Calibre bought them cheap, placing shareholders in permanent loss situation.
For Calibre, it gave them exposure to Canadian production, which they needed, as their existing production was all overseas in more risky jurisdictions.
ES won't allow a sale of NFG at cheap prices. Thus, the implication is that NFG is going to NEED to get into production, and the sooner the better.
I don't believe that Collin Kettel wanted to use Maritime for toll milling. And, looking at statements that Denis has made, I don't think that he, and probably not Collin, either, wanted to push NFG into production. I sense they were waiting for a White Knight to come along and wisk them into the next level of development.
I wonder whether the toll milling is being looked at with fresh eyes now. And, why did NFG make their initial investment in Maritime which was apparently part of the arrangement to get the MOU with Maritime a year and a half ago.....If the MOU was a good idea, and worth a few million dollar investment then, why would this notion regarding toll milling with Maritime have changed?
To me it still makes sense. Ore from NQW could be barged to the Pine Cove mill of Maritime which is located on the shore with a deep Water pier as part of the Pine Cove mill complex.
Also, Lewisport, a NL town is only around 30 miles away from NQW. Could this be the point to ship ore from?
I'm looking forward to see the decisions coming from the new management team.
NFG lost a lot of negotiating power with the dramatic decline in NFGs share price. But, using 'bootstrapping', strategies of getting into production as quickly and as CHEAPLY as possible, the share price damage can be repaired, and NFG could be back in the Catbird's Seat of having much greater ability to control its own future.
I continue to think that the chance to make truly great stock price appreciation in the years ahead is for NFG to remain independent as much as possible.
Getting into production ASAP and as CHEAPLY as possible seems to me to be the best way forward from this low point and impaired negotiating strength.
Don't Sell Out to BIG GOLD .....BECOME BIG GOLD!