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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
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

New Found Gold Corp
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Post by AlwaysLong683on Oct 17, 2021 9:23am
216 Views
Post# 34014826

Palisades

PalisadesPerhaps I can clear up some confusion as to what Palisades is and what their intentions might be with regard to NFG.

Palisades is a resource merchant bank which finances juniors via private placements and the acqusition and exercise of warrants to build significant positions in these companies.

Their website states they currently hold interest in over 100 juniors.

Some of the names in which they have a larger stake include NFG, LAB, and SPOT.

For larger investments in companies like those mentioned above, their stated goal is to build control positions in said companies in the hope that ".....they will be of interest to larger companies, providing the potential to realize change of control premiums in addition to value appreciation".

Having stated the above, I suspect Palisades is in no hurry to see NFG bought out anytime soon. However, how long it will be content to let the company run solo is anyone's guess - could depend on how sweet Palisades considers any future offers from suitors (which I'm quite sure will take place if they haven't already).







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