Kudos and congrats to Brandon Bonifacio and his team for raising significant funds in what has been a difficult market for most junior mining companies. The fact that this was achieved without diluting existing shareholders is very impressive, and demonstrates how creative and innovative they are.
Despite my two month bashing spree, I still contend that NevGold is one of the better junior mining companies out there, based on their high quality portfolio of gold and copper projects in Tier 1 jurisdictions, as well as their astute management team who have a proven track record of success.
However, the jury is still out for the stock, NAU.
Perhaps now, with everything NevGold has lined up and access to available funds, this could finally be the proverbial "TSN Turning Point" for how the stock NAU performs going forward from here (although it's still extremely annoying to see the big spread between the Bid and Ask).
Bid: 0.280 x 15,000 Ask: 0.320 x 20,000 Volume: 108,177
CAD | TSXV | DELAYED | MARKET CLOSED | SEPTEMBER 04, 2024 03:51:00 PM EDT
We need some more positive news. Hopefully, this can happen sooner than later. Summer break is over now and everyone should be back to work. Let's go NAU.
GLTA