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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 suregold2on Aug 05, 2022 1:49pm
109 Views
Post# 34874737

RE:RE:RE:RE:Always long, it's not rocket science

RE:RE:RE:RE:Always long, it's not rocket scienceI have been down the road of massive dilution in a junior mining project before. 100 million shares is soon 200, then 300 and before you know it 500 million shares and you are diluted to death as a retail shareholder. GBR was able to sell before a 43-101 and well before any devestating dilution. we are now at 178 million fullly diluted and about to jump much higher if they cannot fund at a much higher share price. Can CK and other  management redeem themselves here and get the job done before any further significant dilution????
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