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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 > Volatility...
View:
Post by lifegoeson on Oct 22, 2020 9:52am

Volatility...

Price goes up and down, up and down, there is going to be huge volatility since many are taking profits and others are buying in to take a position, the stock needs to churn to create liquidity for those that want it. Also with each release of core information, this will either drive up the price or drive down the price. Expect this for the next year.
Comment by wajac on Oct 22, 2020 10:08am
Yes that is certainly correct. However it's been  three weeks since the last news release and the share price is taking a beating because of it. With all the drilling taking place one would expects drill results in a more timely fashion, I think.
Comment by scatman on Oct 22, 2020 10:15am
Its the labs that are behind. Not the company.
Comment by BlindBoy on Oct 22, 2020 2:10pm
Of course it would be nice to receive drill results "on demand", but neither the company nor the shareholders have a say in that matter. We are all dependent on how busy the schedule of the assay lab is, during whatever the time frame is, that we express our desires for instant gratification. Gotta relax and have patience, or, alternatively, opt for a different horse to ride.
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