New Found Gold Corp V.NFG

Giving away the farm?

[Tk11455ok]

Why the 48m private placement when we're reportly not short on cash? Everyone is touting $20 per share by the end of the year and wouldn't that be a better time, ie. less dilution or more cash? I really appreciate ES helping to get this company going, but the timing seems off. I'm also curious to see who gets the "1%" $480,000.00 finders fee! How hard was it to "find" ES. I'll bet the conversation went something like this: "Hey Eric would you like to puchase another 5 million shares? uh sure, why not."
On a much funnier note and only in the US. can one of the most famous pathologic liars of all time start a social media with the word "Truth" in the title. Now that's funny!
No agenda, it's just Sunday morning and I thought I'd stir things up a little bit.
GO NFG!

TK

[megacopper]

  Take the money when you can get it. 5 million shares is very little dilution. Good deal for both ES and NFG. We don't know why they need the extra money. The burn rate with 9 drills going and 150 employees is very high at the moment. I heard it is approaching one million dollars a week. And who knows perhaps they want to add several more drills. I heard they might start drilling

[Trebor1025]

TK you always want to be ina position to raise cash from strength not when you have to. This way the company gets the money in its treasury and it derisks the project. The company now can literally double the drill program. Think of it like this, if ES is willing to put up 48 million at the market price basically then he thinks he will make multiples from here. He doesn't try to make 20

[megacopper]

  You are 100% correct. For sure they will double the drill program. It's a no brainer. Eric Sprott is always on the hunt for ten baggers. So if he's putting big money into NFG at current levels he must think it has huge upside from here. The Queensway property has already hit some of the best intersections of epizonal high grade gold on the planet and they have only drilled down

[Tk11455ok]

OK OK OK guys! "A bird in the hand is better than 2 in the bush." get the cash from a position of strength. Long and holding! TK

[yseclov]

Could be they make an investment in Exploits Discovery when they hit a discovery hole.  Would be great if they AQUIRED Exploits Hell Erick owns 30% full deluted and NFG owns 13%.   I would take NFG shares for my interest.  

[goldanalyst]

They have huge plans in store for NFG. Dilution @$9 a share doesn't bother me and ES taking it down without warrants is even better. Those shares won't be sold anytime soon. It's not the way Sprott will handle this stock. Plus today's NR costs money. Well spent IMO " New Found Gold Announces Doubling of Drill Program to 400,000m and Increase to 14 Drill Rigs