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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

NuLegacy Gold Corp > Share Price
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Post by traderguy5000 on Dec 19, 2023 10:45am

Share Price

Given the news, NUG is surprisingly strong. No sell off here (yet). Strong bid at 2. Hasn't touched 2. Might we see 3? Traders appear to be looking past hole 1, and towards hole 2. Yesterday morning we had 5 holes to come in; now it's 4. No one is throwing in the towel. If hole 1 was thought to be indicitave of the project, we would be trading at 0.005 on million share sell orders, and we're not.
Comment by Summerof69 on Dec 19, 2023 10:59am
I think the reason for the strong bid is because geologists who specialize in Carlin type gold deposits understand how significant the results were from the first drill hole. They appear to be drilling into the halo of a potential Carlin type gold deposit. They could be literally meters away. When Pipeline was found, they were well ove 100 holes into the project. The discovery hole was drilled ...more  
Comment by Shoot4stars on Dec 19, 2023 12:35pm
I thought it was a long wait for the second hole, this team is extremely old and not all will make it to the end of January. one thing I noticed in the release is that there was no saying that they are pleased to say, which tells me they there's no hype yet, they may be close but this second hole is miles away.  in a way I was kinda happy they didn't get a mother load hit on this ...more  
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