New Found Gold Corp V.NFG

NFG - Future Events

[Torontohomer1]

Just wondering how everyone see the next few years playing out with NFG. I am long at around $6 per share and looking to add to my position. Of course highly speculative conversation but curious how everyone sees things playing out. 

Did anyone notice that there was no Q1 financials released? Thoughts? 

How soon do you think they will need to raise more capital with a share issuance? Is this dilution affecting your investment decisions?

Do you think the goal is to sell the property to a gold major? Or develop the mine themselves? 

If the sell/ get bought out - When?

If NFG moves forward with a mine construction themselves, what do you think that timeline looks like? What obstacles would be in the way?

[Flyder]

Everyone on this board and who is invested in this stock have all the same questions as you.

[Evenkeel123]

Flyder, if everybody has these same questions, then it's time to push for answers and do something about it.  As everyone can see, drill results, as spectacular as they seem, are not cutting it.  The expansion of mineralizatiion is not cutting it.  The next financing will create dilution, and it's coming. Some say it doesn't matter, but there comes a tipping point where

[wajac]

EK, I don't know much about mining, but these results are good, darn good in comparison to other explorers I know. I have no idea how knowledgeable you are, but the use of phrases like 'not cutting it' suggest that you are. Or perhaps you are just bluffing and know no more than the average Joe. The next financing may create dilution.That will, of course, depend on how it's done.

[Retiredgeo]

Interim Q1 financial statements were published May 12.  It is not their habit to release financials as press releases.  You have to hunt for them. Historically, they they do not like their equity balance falling much below $50 million.  I'm expecting another financing at any time.  Other bloggers believe that they wait until after the 3D seismic report.  Dilution is

[ernesto47]

Dead right you are....there are so many more shiny bombs in these grounds, we should just have fun to read the crazy good results!!!!! If gold is above 2.500 bucks, they will like to start the first take out of the most promising position for a check in now already producing mine which has similar rock type....we have to wait to get rich on this one,,,,,GLTA and have fun!!!!!!!!!

[Dixiedee]

I do not believe they will build a mine themselves period  Therevwill be multiple mines on this land package will NFG have an interest in some possibly  I see more than one major getting involved here the land package will be sold out in pieces not as one big package that what I see happening could someone come and offer 5 billion as is right now possibly  but the more they drill

[Delphi008]

Pay attention to Dixiedee's post. The man knows of what he speaks....!

[Dixiedee]

I believe it will turn out like my previous post stated 

[AlwaysLong683]

Did anyone notice that there was no Q1 financials released? Right on NFG's website: Q1 2023 Financial Statements Q1 2023 MD&A How soon do you think they will need to raise more capital with a share issuance?    Cash & Marketable Securities as at June 1, 2023: $52M