Post by
Thirdperson on Oct 22, 2024 10:21am
Nowhere bound.
NFG has proven high grade gold in the ground. Problem is, its still in the ground. I think they need to get it out of the ground and sell it to somebody.
Comment by
Thirdperson on Oct 22, 2024 12:16pm
Im glad my entry point was just below what the share price is now. I hope that this one catches the tailwinds of this Gold bull market and has a pop. Anything over $4 a share is good with me... Then I look at my options.
Comment by
1condor on Oct 22, 2024 12:46pm
Thirdperson...I personally would not choose NFG as a speculative play on the gold sector. You would be better off with a producer (my go to is TXG). If you need to have a spec play in gold then almost anything else out there is better than NFG...this stock is not performing for a reason. Your call on this one.
Comment by
Rainmaker11 on Oct 22, 2024 3:50pm
"I wouldn't use this as a gold play either. clearly there is little correlation between gold prices and this stock." thank you for your input einstein,please try again harder
Comment by
cashtango00 on Oct 22, 2024 4:04pm
Looking at your record here, we certainly won't be calling you Einstein anytime soon....thanks for all your " valuable input"
Comment by
Rainmaker11 on Oct 22, 2024 4:25pm
wow,you didnt get the sarcasm?lmao
Comment by
cashtango00 on Oct 22, 2024 4:36pm
I got it, its not cryptic....the truly ironic thing is you are being sarcastic about something you actually do...posting about gold prices as if it had anything to do with this stock right now.....now thats funny Einstein lol
Comment by
Retiredgeo on Oct 22, 2024 5:08pm
Higher gold prices are moving the producers but are still having little effect on the explorers. Unless you take the gold out of the ground it's book value is zero.
Comment by
Rainmaker11 on Oct 22, 2024 6:19pm
." You can't list gold in the ground as a monetary asset until it comes out of the ground." How do you sell to a major,if you can not use the gold in the ground??How do you do anything with your logic?this is not producer,its a exploration company.exploration companies value(book or market)is based on whats in ground.
Comment by
Rainmaker11 on Oct 22, 2024 7:32pm
"This is the way the accounting world works. Commodities in the ground have no book value until they are taken out of the ground" Bingo so they dont have to pay tax,all it is, is a loop hole.But in a real world the question is,whats in the ground?
Comment by
Rainmaker11 on Oct 22, 2024 8:39pm
Then what are doing in here,please dont tell me,you are helping the average NFG investor???