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Bullboard - Stock Discussion Forum NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

NuLegacy Gold Corporation is a Canada-based exploration company focused on exploring for high-grade Carlin-style gold deposits on its premier 108 sq. km (42 sq. mile) district scale Red Hill property. The Red Hill is on trend/adjacent to three of Nevada Gold Mines' Carlin-type gold mines; the Pipeline, Cortez, and GoldrushII. Its Red Hill Property is located in the Cortez Gold Trend of north... see more

TSXV:NUG - Post Discussion

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Post by Shoot4stars on Oct 26, 2021 3:31pm

A bit

Bought a bit more today, nothing crazy
Comment by cat2cat on Oct 26, 2021 4:42pm
I've been thinking of doing the same but I'm afraid that the are going to do a share consolidation. id expect 5 for 1 and a financing at $0.15. cat
Comment by Shoot4stars on Oct 27, 2021 4:36pm
All I'm seeing is the same people are buying that are selling, kinda hard to sell when there's money in the bank to drill, where not out of bullets one good hit and gold to move higher will change everything 
Comment by pms37888 on Oct 27, 2021 6:23pm
I thought from their last NR that drilling was suspended while they re-evaluated the past results, which were poor, so I don't expect given the season time limit for drilling, winter's coming, that they will be back till next year.  Also I expect a 20 to 1 consolidation if they expect to raise funds. I suspect that the last holes being analyzed are duds, as reflected in the share ...more  
Comment by Shoot4stars on Oct 28, 2021 12:42pm
I think I told you before, they got tons of cash, they where going to drill 12 holes but scaled it back to 9 there being careful with there money and that is why they haven't spent it on a rush to get results back, drilling will start in spring and there is also drilling going on around our site, consolidating will not take place till they need to, money in bank for drills in early spring, 9 ...more  
Comment by cat2cat on Oct 28, 2021 1:53pm
Don't get me wrong, I'm not selling. I'd like to add to my position but with as little downside risk as possible. With that in mind I don't want to buy prior to a needed consolidation. Cat
Comment by Shoot4stars on Oct 28, 2021 2:02pm
A consolation is when there's no money in the bank, the players are just playing with us, they know they have you scared, the stock could rise a second if they want
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