Just curious what people think about the fact that NGF traded at 67 cents in January for a bit. At the time I thought it was marching towards $1. Now I'm not so sure the figures support it. What do you guys think?
There is still upside with Mt Morgan and a new JORC for Paddington expected in June.
Another big plus is that they've done their financing deal already. It wasn't all that favourable, but it's probably going to look sweet compared to what's offered to start-ups now with the credit problems going on. NGF should be able to put the cash flow to work in new projects / acquisitions. Let's hope they choose well.
NGF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
