Joe Mazumdar
Nighthawk Gold
NHK-T
TOP PICK
Mar 06, 2017
This is a stock he likes, because he is looking for exploration plays with (?) land packages. It is in safe jurisdictions in the Northwest Territories. They did a private placement for about $10 million, and it was upsized and brought in $25 million, so they are sitting on about $38 million of cash.
Has had trouble getting traction. This is one you should bargain hunt for in the $0.10-$0.20 range and hope they come up with some new idea post uranium.
(A Top Pick March 6/17. Down 14%.) Sold this recently as the risk/reward was no longer favourable. The drilling they’ve done so far in 2017, has failed to find more of the high grade.
Used to own it, because they had a high-grade project in the Northwest Territories, but they were interested in a lower-grade target that didn't interest him so he sold. He doesn't know their company strategy anymore.
This is a stock he likes, because he is looking for exploration plays with (?) land packages. It is in safe jurisdictions in the Northwest Territories. They did a private placement for about $10 million, and it was upsized and brought in $25 million, so they are sitting on about $38 million of cash.