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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 Dixiedeeon Mar 21, 2024 5:49pm
58 Views
Post# 35945938

RE:RE:Eric was buying in nov of 2023

RE:RE:Eric was buying in nov of 2023
BladeMaster wrote:

Any estimates on Eric Sprott's average cost per share on NFG? 


based on public filings, it seems his ACB is somewhere in the mid-$6's

he originally got in before it went public proably for less than a dollar and bought on every offering from the original even at 11 and 12 dollars I believe some where charity shares he bought also 
plus flow through shares which gives him tax deductions bringing his actual cost down so it's hard to say what his average cost is also he buys personally and through a # company also through Sprott mines and placed some in some trusts in his estate planning for his family this was why he went from 33 % ownership to 20% 13 % went into his estate planing and is under 10% when it gets split up so doesn't need to be reported as part of the insider amount anymore 
He also continues to buy the insider filings show him buying in nov of 2023 
your guess of 6 something maybe right or not all I do know is he is still buying 
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