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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 Evenkeel123on Jul 15, 2023 7:46am
89 Views
Post# 35542396

RE:How shorters make money

RE:How shorters make moneyEh retired, these  public boards attract pompous pumpers who have no clue how to discuss properly the status of a company and it's potential future., or failure.  

Majors have come and gone and looked hard at NFG.  Nobody is biting.  I think the cost of putting up a mill and the time it takes to get everything into place is a real killer, like maybe 200 million more at least.  

These guys are putting window dressing on in the form of a siesmic survey hoping to sell it based on a what if scenario of what lies deep.  This is going to take a Valentine Mine timeline to get anywhere.

So far, you have been lucky, but eventually people get weary of drill results with no followthrough on the mining end.  Two people control the share price, and don't kid yourself about anything else.  Shorts play the short game based on the sector, not just NFG, and they play it with computers and IA now.

That's the future, and whatever you say or thinks means nothing at all.  This is about making money, and some people know how to thrive off of people like you.

EK
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