G'day rennies,Thanks for your thoughtful comments. I agree with...

G'day rennies,

Thanks for your thoughtful comments. I agree with your sentiments. I'm also mindful of the current risks associated with our volatile markets, and ironically that has been one of the major reasons why I've kept a few NGF shares as insurance against an unexpected big "uptick" in the Australian gold price, or a big turnaround in NGF's production costs. Luckily, I don't hold that many.

I'm not inclined to risk any more capital on NGF and average down my cost, but I sure was tempted when the price went to 12.5 cents. When that happens, I just read the NAV thread and my temptation is thwarted.

Anyway, thanks again for your comments. At the moment I'll keep on "plugging away" with NGF in the hope that they can quickly extinguish their debt, find and produce more and better grades and get their production costs down.

Regards,

Goggo