New Found Gold Corp V.NFG

Press release

[Retiredgeo]

Mostly infill drilling at Keats West.

I have long believed that there is a million ozs at Keats North.  They are now refocusing on Keats North to prove up what's there.

The big news is at the bottom of the press release.  In Q3 they pumped out 2.061 million shares from the ATM netting $12.840 million dollars.  I would rather see them mine than compete against me!

In other news the USDX has fallen back from yesterday's high of 107.23 to 106.73.  Hopefully, the worst is now behind us.

[Dixiedee]

Issuing more shares is not an issue if they add more value with that money and all these drill results  are adding up to more value so iam not fussed about it at all

[Retiredgeo]

They are not just issuing more shares.  They are competing against us on the open market.  That's the part I don't like!

[Dixiedee]

I understand your point but if they did a massive offering right now in this market it could possibly whack the share price hard so this tempered approach is the better option at this time  I think  Iam also still in the acquiring  mod so it doesn't really fuss me at this point 

[Retiredgeo]

My preferred alternative is a small scale mining operation.

[CrushOnTatum]

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[Evenkeel123]

Eh Dixie, Are you telling us that all you care about are the drill results, and never mind anything else like expenses that bucc is pointing out, and this.  Everything that goes on is important. From the commencement of the ATM to September 30, 2023, the Company issued an aggregate of 4,052,453 common shares in the capital of the Company (the “ATM Shares”), through the facilities of the

[Gangsterme]

Sprott entities have purchased in the order of 800,000 of these shares. 

[nozzpack]

Sprott has been a steady buyer since Mid July of 2023. Such an extended string of buying over 800,000 shares is quite rare by an insider who already owned millions of NFG shares . It augurs well for where this share price is going ..

[Daugaard]

think its going down every day now, really sad. 

[CrushOnTatum]

This post has been removed in accordance with Community Policy