Disclaimer.. I own shares in CHN & NAG.
Im not up, or downramping NAG but there is a big difference between these two companies. One has bucket loads of cash, no debt and proven, viable gold in core samples not far from the surface. The other company, at this point, has a water filled hole in the ground, very little money and will find it very challenging to obtain any more working capital unless it releases some good news soon.
Getting all hard over the gold price is a moot point if the yellow stuff is literally over the fence from your tenement, or it is cost prohibitive to extract.
No news (so far), after drilling into the most likely IP targets, is very bad news for Nag & the current sp reflects this.
Im hopeful that NAG pulls a rabit out of the hat before the exploration funds dry up, but with limited drilling capacity and dwindling funds, this company needs to release some positive news soon.
Not a negative Nelly, just a realist..
Amazing Confidence, page-2
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