New Found Gold Corp V.NFG

Market Cap

[lewdogg]

The article says we have about a $750M CAD market cap. Is that accurate? If so, what do you guys feel is a realistic target for this one? I didn't realize we were already at a MC that high. TIA!

[likeike]

Lewd you are such a good dog. We have 167 mill shares outstanding fully diluted so ar $5.00 that is over $800M CAD MC>  Our targe at present is the moon but let say $10 in 2 months with no hiccups in drilling. Now sit and rollover  IKE

[diabase1]

It's that high!! And there is only 25% of the O/S in the retailers's hands. Insiders have the rest. Do a check, as I could be wrong!!

[likeike]

Dude we cleared that up on Friday. There are only 18% float.  From the company website today. IKE

[likeike]

Kinda interesting how ES with his recent purchase along with Palisades now control 51%. They can make all the calls in the board room and beyond. If anyone ever even thinks of  a takeover they better think of ES likes them. I myself do not take any buyout seriously as there has never been a takeout of these kind  of structures. Too many intangibles and until they prove them out they

[lewdogg]

With ES's recent purchase as pass-through shares, is the true cost 5.25 or something lower? Just wondering why the market is so hesitant to break this above $5.

[likeike]

Went thru this in a long diatribe on SIC board. You pay a premium with flow thru shares. They give you a I think T-6 which is a direct tax deduction to the bottom line on your taxes. In the oil industry I had ones that gave me a 30% discount but someone assured me that in gold mining it is more like 15%. At 15%and $5.25  he is actually more paying $4.46. The hesistancy is the magic $5.00

[lewdogg]

I see. Thanks for the information!

[megacopper]

The last financing with Eric Sprott was flow through shares so he gets a major tax break under the tax laws of Canada so his true cost would be less than $3 a share. The guy didn't just fall off the turnip truck. Lol

[megacopper]

  Yeah between Palisades and Eric Sprott they will end up calling the shots with NFG. Nobody will come in and get this baby too cheap. Or they will end up putting Queensway into production themselves which could be far more profitable in the long run. New Found Gold know what they got here and once everyone else finds out well you know what will happen to the share price. If guys are

[lewdogg]

Not complaining. ;o) Just higher than I thought. Compared to my other juniors this one has a MC WAAAY higher than the others so I was caught off guard. I should have looked closer on their website to get the information. Either way, I see the HUGER value now so I'm not too concerned, but not having been involved with a miner like this in the past I was originally worried that the MC was too

[porc2019]

You were caught off guard because you are one of those idiots who compare companies via their stock prices, and think that a company with a share price of 2.5 USD is half is expenive as a company with a share price of 5 USD, even though the market cap of the one with a share price of 2.5 USD could be twice of the the market cap of the latter (if 4 times more shares).  LOL. 

[megacopper]

  Hey be nice porc2019. Not everyone has the same level of experience playing these exploration juniors. We are all here to learn and make lots of money. Don't worry guys these boys have hit a whole lot of gold and we will be well rewarded for our patience. I think the market will be blown away with what these guys will find on this property. Dr. Quinton Hennigh's big smile

[atchouk]

We must love and cherish idiots because we make money on a stock market thanks to them!

[diabase1]

Thanks IKE.