Novagold is running out of cash: stock down nearly 80%

[LargoWinch]

I guess the advice of: "buy the commodity itself, not commodity stocks" sounds even truer today...

http://www.reuters.com/article/marke...0081124?rpc=44

[FRED]

Re: Novagold is running out of cash: stock down nearly 80%

I guess the advice of: "buy the commodity itself, not commodity stocks" sounds even truer today...

http://www.reuters.com/article/marke...0081124?rpc=44

Indeed, mining is capital intensive. Capital markets risk is on the iTulip list of reasons to not own mining stocks.

[Mega]

Re: Novagold is running out of cash: stock down nearly 80%

But *Schiff* owns them.............he NEVER wrong!
Mike

[GRG55]

Re: Novagold is running out of cash: stock down nearly 80%

I guess the advice of: "buy the commodity itself, not commodity stocks" sounds even truer today...

http://www.reuters.com/article/marke...0081124?rpc=44

This is being repeated over and over in the sector. There's a lot of companies in this situation, some with decent projects. None can raise a dime to develop anything. Most won't survive. The worst is yet to come.

[LargoWinch]

Re: Novagold is running out of cash: stock down nearly 80%

This is being repeated over and over in the sector. There's a lot of companies in this situation, some with decent projects. None can raise a dime to develop anything. Most won't survive. The worst is yet to come.

Thats it. I was on the fence, but now I am buying Crude!

Jokes aside; the funny thing is that I am worried more about my cash @4% than my commodities...go figure.