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Novagold (NG) published to remind warrant holders that a tranche of company warrants priced


Have a look at the recent price chart for this dog-of-dogs, and you'll see.........

Image: NG2m.gif

......that NG (known by some as 'nadagold') has been languishing under $7 since August 7th. Then suddenly yesterday it managed to stick its head above water by finishing at $7.32. Management immediately reacts by telling the world it can add to the liquidity burden by cashing in the warrants for a tiny profit if they're quick enough. Why? Because if the warrants get cashed, $7 goes to the company coffers and 32c to the poor, beaten down investor.

This is like putting a sign on your back that says "KICK ME", and sure enough NG is already down to $7.10 in early trading. this proves two things about this company

1) They are desperate. 2) They don't give a damn about shareholders, they just want your money.

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