Gold Summary for Nov. 18, 2024

2024-11-18 17:58 ET - Market Summary

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NFG is a sign of the state of the mining industry in Canada at the moment.

The only funding on a new gold discovery is drilling funds and pray to be takn over by a foreign entity that is not under the auspices of the barons running the security commissions as those barons have been lobbied to believe that those foreign entities can mine anywhere in the world....

the days of drilling a quartz vein systen and knowing it is continuous and starting underground mining are the days of lore...except when the buyout happens then in fact that method of mining proceeds without any intervention from any securities commission because the foreign entity is out of jurisdiction, even if listed on T, because well, its a foreign mining entity...meanwhile the ill gotten funds to buyout the canadian deal that is handcuffed by securities commission paper pushers made moola worldwide by bribing governments which again is illegal in the americas but no securities commission going to sanction those baron directors, because out of jurisdiction .....

so what you expect NFG to do? they had great bear, raised a billion to drill then sold the deal for 1 billion plus change, the change being the shareholders profit...