Nadagold

RICK!

Mineweb link here and article starts like this. You reap what you sow in this game.

A New York-based law firm is investigating possible misconduct related to the securities of NovaGold Resources.

The pending litigation would become one of several class action lawsuits which have been filed against the Vancouver-based junior gold miner stemming from statements it made regarding the costs, progress and viability of the Galore Creek copper and gold project.

The law firm of Wolf Haldenstein is investigating whether American investors who bought NovaGold securities between January 24, 2006 through November 25, 2007, may have been mislead by statements made by NovaGold officers and directors concerning the costs, progress and viability of its Galore Creek project.

Fans of Rick! pay for his summer vacation

RICK!

Since when does anyone need to extract metals from rocks to be a successful miner, anyway?

May 31/09	May 28/09	Van Nieuwenhuyse, Rick	Direct Ownership	Common Shares	10 - Disposition in the public market	-1,300	$5.250
May 31/09	May 28/09	Van Nieuwenhuyse, Rick	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$5.000
May 31/09	May 27/09	Van Nieuwenhuyse, Rick	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$4.950

Barrick on Donlin Creek: "An Interesting Strategic Value"

During the Barrick Conference Call today, the CIBC analyst dude asked ABX mgmt about its 50% owned Donlin Creek project.

The ABX dude had a really (that big enough?) hard time in finding something positive to say, but managed to squirm out with "there's a lot of gold there", that Donlin Creek "offers good option value" (a coded phrase in itself meaning "we can delay forever"). However he couldn't avoid saying that Donlin Creek comes way down the list on its project pipeline and ended up by calling Donlin Creek "interesting strategic value". LOL!

Or in other words, Rick Van Alphabet and all at Nadagold (NG):

I still find it incredible to think that Rick! told shareholders to reject a $16 offer and is still Nadagold's CEO.

By the way, Barrick's CC was pretty good. They were coy more than once about Pascua Lama and promise a full update some time in 2q09. Overall I'd certainly rather be holding ABX than NG going forward.