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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 GGGsOldFriendon Mar 14, 2022 1:36pm
119 Views
Post# 34512326

RE:RE:Enough already

RE:RE:Enough already I'm not so sanguine.  NFGC has been in a tight trading range for weeks, with 6 as the bottom.  This range predated the Ukraine induced run up in gold.  Even now, gold is still above $1,950, well above where it was trading while NFGC traded above $6.  Trading below $6 after spending so much time in a trading range may end up meaning nothing.  I'm not predicting that we're going to make new lows.  But in light of all the positive company news, and the positive influence that should come from the increased price of gold, I can't be optimisic about our share price in the short term.  Lucky for me, I don't much care.  I'm not looking to trade it anyway. 

So much for QH's atomic wedgie.  
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