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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 > Eric Sprott Did Not Sell Any Shares
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Post by marnesue on Jun 16, 2021 8:36pm

Eric Sprott Did Not Sell Any Shares

In fact he just increased his holdings by 1.7%

https://finance.yahoo.com/news/eric-sprott-just-bought-1-063259908.html

E
vidently he still considers this a bargain at or above current prices.
Comment by megacopper on Jun 16, 2021 9:02pm
  Yes Eric Sprott personally sold more than 500k shares at over $12 a share to his numbered company. He basically sold shares to himself. It was a way to transfer $6 million dollars from his numbered company to his personal account the way I see it. Check the insider trading for yourself don't take my word for it. 
Comment by BlindBoy on Jun 16, 2021 10:04pm
"   marnesue - (6/16/2021 8:36:09 PM) " Eric Sprott Did Not Sell Any Shares In fact he just increased his holdings by 1.7%" You're exactly correct.  Some people have absolutely no idea how to the insider report filings.
Comment by BlindBoy on Jun 16, 2021 10:07pm
Typo error:   marnesue - (6/16/2021 8:36:09 PM) " Eric Sprott Did Not Sell Any Shares In fact he just increased his holdings by 1.7%" You're exactly correct.  Some people have absolutely no idea how to read and interpret the insider report filings.
Comment by megacopper on Jun 17, 2021 1:29am
  OMG guys I was just pointing out the fact that Eric Sprott did sell over 500k shares from his own personal account to his numbered holding company in Ontario. Yes overall he increased his position but he did make a 500k share cross. Tough crowd. Lol
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