Welcome To The Northern Gold Mining HUB On AGORACOM

The company’s strategic direction is to continue to seek out properties and claims in the area known to have high value gold targets and to execute the necessary work to rapidly move these projects towards advanced exploration and mine development stages.

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Message: Re: GUIDDY-UP

Nov 12, 2010 06:16PM
1
Nov 12, 2010 06:33PM

And that is why I am confused.....here we have an equity issue at .45 cents/share. Sure we're gonna have some dilution (that's to be expected), but if you were one of the participants in this recent equity issue, would you not want to make sure you had some kind of a "heads up" as to what the drills are churning out. So why the heck is this thing selling off when only a week ago the SP was equal to the price of the issue. I would be peaved if I gave MGM this money only to see a set of crappy assays. And...yes I know exploration plays are not without risk, but I just don't get this...I would not pay a high price for an investment in something that did not have such a prooven valuation. I can only think that there is manipulation of this stock so somebody can buy on "the cheap". A

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