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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

Post by GoldCasinoon Jul 07, 2021 1:13pm
261 Views
Post# 33505892

LISTING in the USA - An advantage or a curse?

LISTING in the USA - An advantage or a curse?Just want to share a few musings. Opening up NFG to a wider audience on first blush seems like a positive. However, trading in the US is cut throat and a listing there will open up the stock to more buyers but it will also make the stock available to many more of those who love to short. And, they love to short junior mining companies that have seen huge price appreciation. Looking at the run up from late last year may prove irresistible for those looking for a profit on the down side. There are also the options writers and traders that can wreck havoc on a small company. In the grand scheme of things and in the USA in particular, NFG is a small company. I personally believe this story of NFG is strong enough to weather any adverse exposure in the USA. Those that sell short will be selling at their own peril. Thoughts anyone?
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