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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Big Drop?
View:
Post by Stocks2Go on Sep 14, 2020 3:52pm

Big Drop?

Maybe someone saw something on site? It's way too early for dumping placement shares. 
Anyone here from Gander?
Comment by Minray on Sep 14, 2020 4:07pm
A lot of gold stocks dropped, despite the price of gold rising. I do not suspect this pull back has anything to do with any one mining company but perhaps profit taking in advance of a larger financial pullback - just my opinion.
Comment by joerad1 on Sep 14, 2020 5:25pm
Area plays around the Queensway Project  were not hit as hard as NFG , this tells me that penny-flippers are taking advantage of the good liquidity and profiting from the recent price run-up.
Comment by Royal10 on Sep 14, 2020 6:11pm
This kind of drop (in a short time) is frequently the result of US investors using stop losses or market orders to dump stocks they have bought for speculation. VSE is not NYSE! Expect strong opening tomorrow morning!
Comment by Sashadavid4 on Sep 14, 2020 6:33pm
I bought it at 2.08 today before market closing. :) 
Comment by Robthetrader17 on Sep 14, 2020 10:29pm
Good buy! I got in at 2.20... oh well lol. Gold is climbing so I ain't worried. What do you all think is a fair SP? I think about 3.20-3.50
Comment by severeanalysts on Sep 15, 2020 3:50am
ROYAL COULD BE RIGHT, OR SOME MAJOR MAJOR P.TAKING STARTED GOING ON . WELL WE WILL KNOW BY THE EO THURSDAY. or AND WE DONT LIKE TO SAY THIS, THEY HAVE ASSAYS WHICH SEEMS WAY TO EARLY AS FAR AS WE COULSD  SAY AND THEIR 1ST SET FALL SHORT OF THE BEST HISTORICAL HOLES. ROME WAS NOT BUILT IN A DAY. AND ARE WE ANOTHER KIRKLAND GOLD - DETOUR. LIKELY NOT. BUT IN THE END WE COULD STILL BE A DOUBLE ...more  
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