I talked to the market maker a fellow named Mark Dillion phone 800 654 9929 and he said that shares were avaiable at 1 3/8. The bid you saw at 1 1/4 was probably me, I am bidding for 2000 at 1.25. I left the order in GTC hoping that some shares might shake loose, yours perhaps?
I originally placed my order via an online service but had to finally call and ask to have the order placed.
NGLD is currently looking to put 2 mines into production; the Mission Mine in Riverside county California and the Relief Mine in Nevada. This will take a financing to do but in the currrent gold market, money is hard to get for Gold Companies