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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF) -- Ignore unavailable to you. Want to Upgrade?


To: AH who wrote (38)3/24/2002 3:18:48 PM
From: cayman1  Respond to of 137
 
AH,I found it curious that EA trashed my post on the shorts covering. A dead give away to someone paid to trash stocks on the bulletin boards.

That data on the short positions in NRI.TO came from canada-stockwatch.com,cut&pasted directly. I suspect the shorts will disappear,soon,not having won anything..

I think anyone shorting gold stock is out of their mind,,the POG is what rules and it is rising. 290 is a very solid floor and 300 will fall soon.

Go short the NAZTRASH,plenty of candidates and money to be made there.



To: AH who wrote (38)3/24/2002 4:50:05 PM
From: philv  Read Replies (1) | Respond to of 137
 
I would like to see a discussion about the most fundamental question raised----how can NOVA raise the funds. $600 million is huge, even for the big boys. So I think what Elizabeth is saying is that it can't happen, and therefore the stock is all promotion. She did not dispute drill results or the potential.

I own some shares, haven't sold any yet, am sitting on profits. But these questions need to be asked and answered. Of course, my comfort level will increase with a corresponding rise in the POG.

PDG has a long record of spending much money on potential mines, only to abandon them in the end. It's about economics.

So I too welcome any and all opinions, as long as they are clearly stated without rancor. Elizabeth is a skeptic. That is her nature (check her profile). She states her opinions bluntly, and I for one pay attention, and if she wishes to expand her views here, I would be grateful.

Any thoughts/discussion?

Phil



To: AH who wrote (38)3/24/2002 10:46:45 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 137
 
I was trying to be polite. If you want me to really trash this POS I'll be happy to do it a technical way if that will make you feel better. If sporting a market cap greater than the NPV of a fully financed project isn't ridiculous enough, I'll carry on but that should be a big big red flag. 20 million uneconomic ounces is 20 million uneconomic ounces.