Opinions
Stockchase Insights
Nulegacy Gold
NUG-X
DON'T BUY
Jan 10, 2024
N/A
Stock price when the opinion was issued
Golds
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TOP PICK
Strictly speculative. An explorer-developer that thinks that they have discovered a massive deposit. They have been attracting top Barrick gold executives. If it is a large deposit, it will grow exponentially.
Golds
HOLD
An explorer. Likes it, but there's risk. Once there's a big discovery in the States, a lot of US money will come into the sector and that could be bullish. Lots of optimism on this. No problem acquiring at this level. Once more results come in, he will have to decide whether to pull money out or add.
Golds
NUG is essentially a lottery ticket. Market cap is only $6M, already down 60% in 2024. It has had negative cash flow and the suspension likely stems from a complete lack of capital. It has not seen any 'meaningful' results from drilling and was not able to complete a recent financing. We would stay far, far away from this one.
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