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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 > Will it hold??
View:
Post by 1condor on Mar 01, 2023 6:17pm

Will it hold??

Not very likely...todays pop will only provide a little more juice for the shorts and short term traders. Expect a drift back below 5 bucks very soon. What we have here is a company with a market cap of around 900 million being supported with no earnings and no gold in the bank. Selling into any strength is a no-brainer.
Comment by marlinbait on Mar 01, 2023 6:31pm
This post has been removed in accordance with Community Policy
Comment by 1condor on Mar 02, 2023 11:21am
marlinbait...I am just stating the obvious. There is so many on here who have fell in love with this stock and that unfortunately is clouding their judgement. However, if you are happy to sit on dead money that is your call. 
Comment by Dixiedee on Mar 02, 2023 2:02pm
I get the impression from your previous posts you do not like gold at all in sept you called for gold to go to 1600 . since your call it has traded just under 2000 and currently holding above 1800  A jr gold stock like NFG while somewhat a play on gold is more a play on exploration and drilling success you mentioned you had a position in the stock for a trade only a long time ago which I ...more  
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