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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 DanWarrenon Feb 10, 2024 10:29am
115 Views
Post# 35873718

RE:RE:How Soon Could NFG start mining?

RE:RE:How Soon Could NFG start mining?Excellent post Dixie.

I don't directly respond to the basher......above, I just noted that an innocent post was deleted.

I have been the key poster regarding the Short position and the damage they have done over the past couple years, and what their game plan has been and continues to be. When I started on this subject a couple years ago, many pooh poohed my view, saying the Short position was too small to be significant.  But, now, people understand the Short position is a big factor influencing the NFG price


So, as a monitor of the Short position, commenting on the Basher presence, at least in an indirect way, and certainly not bantering with  his legions of IDs, comments on the Short position and their likely employment of a professional basher is necessary.

That said, I notice changes in the Short strategy. I'm thinking that the Short believes that they have muscled down the share price to as low as they can. Any further muscling down will be too expensive for them in terms of additional shares sold short needed to push the share price down any further.


There's more to this view, but the key point is that I think the Short is content at this price to serve their purposes. They may still be very motivated to sabotage price rallies though.

NFG as an investment just has to be accumulated and held thru thick and thin.

The ironic thing is that the Short position, and whomever it is that may have employed them, has given investors a great gift, the ability to buy NFG shares at these levels AFTER the stock has been dramatically derisked from all the progress they've made.

Mine (s) will be developed on Queensway...that's the key point...very profitable mines.
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