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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 > Big move by S Korea..ban on Short Selling
View:
Post by nozzpack on Nov 06, 2023 5:10am

Big move by S Korea..ban on Short Selling

Those 10 global banks under investigation for naked short selling will almost certainly include those doing the same here in Canada.....

https://www.zerohedge.com/markets/south-korean-stocks-soar-after-country-inexplicably-bans-short-selling-until-june-2024
Comment by nozzpack on Nov 06, 2023 7:43am
This is now underway elsewhere . One signifucant outcome will be right to charge short seller bashers for securities fraud, if any of their public posts contain fraudulent statements intended to persuade equity holders to sell. This is going to be an explosive issue along with many other issues relating to the perpetrators and facilitators of securities fraud.
Comment by Evenkeel123 on Nov 06, 2023 8:53am
Nozz, please try to post all pertinent facts on issues.  The ban in South Korea is only on until June 2024.  Naked short selling is quite another issue which should have very strict penalties and fines imposed, not the kind where those caught say "it's the cost of doing business", but the kind that puts them in jail and/or bankrupts them. I think S. Korea is experimenting ...more  
Comment by DanWarren on Nov 06, 2023 8:39am
Yeah,  Nozz...saw that article.....Canada is way behind on this issue. One of the Earth Lab podcasts got deep into how the naked short selling is destroying the Canadian exploration industry. I wonder if Trudue regime even cares, or thinks destroying mining industry is just deserts?
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