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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Comment by megacopperon Nov 18, 2020 3:41pm
242 Views
Post# 31924369

RE:NFG Sell-Off

RE:NFG Sell-Off

Ezekiel7v19 wrote: Where do you guys figure the stock price will end up? Thoughts?

 

I think it will settle around $3.60 but who knows for sure. It could very well dip lower but short term I'm thinking $3.50 to $3.70 so I might buy back the shares I sold at $4.75 to get my original position back but of course at a much lower average cost. That is the way I'm playing NFG because nobody can pick the highs and lows as it fluctuates on news from drill results so I hold a core position and sell off some when I think the stock gets ahead of itself and buy back when it dips on weakness. It's near impossible to predict future share prices or drill results but you can put yourself in a better position by keeping a core position and trading a portion to play the ups and downs. They will be drilling for a very long time with a steady stream of news so NFG is a good one to trade a little, especially with the high grade gold veins they will undoubtedly hit occasionally giving stellar drill results at times sending the share price on some wild swings. Good luck

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