SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: orkrious who wrote (128)11/22/2006 11:09:48 AM
From: Jacque Legg  Read Replies (1) of 137
 
I also have an hedge to cover my backside on that bit. My overall strategy is on track.

When I say a 'floor price', I mean only while Barrick is interested. They have been NG's biggest benefactor to-date. Rick is looking a gift horse in the mouth. They are inside now and whereas there are rules that now apply to what they do, they can make a big fuss on the inside.

I presume that you have not seen Barrick is action before UP CLOSE. They are very good guys but far too clever. They never over pay for anything. Believe me they intend to get full value for the $1.00 per share they paid for Pioneer (it was $0.40 in June). Grace is the only real asset that Pioneer had.

I also presume that you have not seen Rick in action UP CLOSE. Certainly a role model in emphasising/imagining the positive and ignoring the difficult realities.

You are well ahead if you bought in the spring or before. So you shouldn't one of the ones that has to take a loss.

Good luck on your venture here
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext