Post by
Evenkeel123 on Aug 22, 2024 12:42pm
When a major thinks of acquiring a junior.....
They look at all aspects of the company,not just the drill results. They know how the share strucuture is set up, they know what the founders paid for their seed stock, they know who the principals are and how much they own, and they also know exactly how much has been spend on exploration, and they guage the true results with their own methods.
They also know exactly how much management has taken out of the company, and what lifestyles they have.
So....for NFG, i am afraid there is no mercy in any category at all. Buyers have time and flush bank accounts on their side, and sellers are running short on time when interest rates, inflation, and all expenses are a ticking time bomb going against them. You can only spend everybody else's money for so long, and then along comes the piper. We shall see how this ends.
Down again today? Oh yeah, I forgot. Most are down today. But not all, eh? You are the leader of the pack, cown nearly 5%. Think about everything, folks.
EK
Comment by
Paray99 on Aug 23, 2024 9:13am
Don't get panic, there are some day swingers playing with this stock making big bucks. 20 cent spread is very good at this price!