New Found Gold Corp V.NFG

Marathon Takeover….Management has no strategic vision

[nozzpack]

So, another pipsquik named Calibre buys Marathon using equity for $345 million cad.

Marathon is about 18 months away from producing 195,000 ounces per year for at least 12 years , with over 4 m ounces in its crop and lots of exploration upside, with many geological similarities to Queensway and not all that far away.

One might think mix and match, blending much higher grade Queenie ore with that of VL, creating 300,000 ounces per year with no increase in milling capacity .

But, we stood down as the slumber was more comfortable than slaving for shareholders .

They can still make a counter offer and assume what should be the mantra of a Senior Gold in the making .
Calibre cannot match our heft when it comes to share price.
Move us up to $6.50 per share and offer $1 per share for MOZ , for up to  80 million in NFG shares .

Calibre cannot match that deal .

Then, with a bolstered share price, MAE can be acquired by equity.

That leaves only Firefly as the only other metal producer on this Rock.

They need the Point Rousse assets for derisking the Ming Copper mine, so we make an them an offer that they cannot refuse while spinning out the Wonderful Pickle Crow deposit in Red Lake to shareholders.

Aggregate and NFG is enroute to $1 billion in annual revenues without even considering the contribution of Queenie .

You cannot fly like an eagle if you see like a Turkey .

We must stop giving away control of our resources to outside corporations .

Yet, it would seem NFG managements vision is circumscribed to  float and bloat along hoping for a decent buyout offer by outside corporations .

It is not nearly good enough .

If you agree with my views , by all means let our float and bloat management know your concurrence and demand changes of rectitude .

[tootall123]

If you are not happy with this deal please sell your shares and move on and stop acting like a Juvenile(nozzpack), or welcome aboard and you will all be rewarded Big Time..... GOLD IS KING......

[Evenkeel123]

Hey tootall, if you are not happy with shareholders questioning management, then you should sell your shares and move on. EK

[tootall123]

Hey Evenkee123, you and some of your juvenile crybabies have questioned management and you don't want to accept their answer.  If you are not happy with this deal sell your shares and move on and stop acting like a Juvenile, now get lost for good cause you are  a waste of time you don't own any shares of MOZ......    GOLD IS KING......

[Dixiedee]

I have EK on ignore so I don't get that dribble anymore he can not sell what he doesn't have period 

[Dixiedee]

Who cares what Marathon is doing it's an old story already there is no comparison with NFG and Marathon it is a fraction of what NFG will become 

[nozzpack]

VL. FS was done in early Dec of 2022 so it's still quite valid. It is also very conservative . Assumed POG is $1700 US. At that price, unlevered free cash flow before tax was $1774 million cad over a 12 year LOM at 195,000 ounces per year. At $2000 POG, the unlevered free cash flow before tax increases by $950 million cad  over the 12 year LOM which boosts the number to about $2

[Dixiedee]

My 1st shares in marathon I received when Stillwater bought out marathon palladium which I was a shareholder that is located in the norwestern town in Ontario of marathon we got some cash and shares in marathon gold I believe back then the shares where valued at $2.00 it ran up over 5.00 to 5.50 at the time lots of excitement I sold made 100k from both transactions that was a couple decades ago .I

[nozzpack]

It's your money and if you like the float and bloat model practised so far, that's your choice subsuming that you have no problem nor are you offended with the milliions wasted by this management team in their looney toons investment record . What does that tell you about their  investment / decision making competence. IMO it is a sign of very weak management if the strategy is to

[Dixiedee]

I disagree with your latest take but iam confused you where so upbeat about NFG 2 months ago and now you are so dishearten by them you do realize in the last 2 months only thing that changed is we have more great results are fully funded for the next stage of discovery with very little dilution to get us to the next stage we are still an exploration jr and doing that very well as I see it .It

[TheGreekGoldGuy]

Apparently Nozzpack thinks it's his way or nothing. He thinks NFG sholud buy Maritime and assume all of their liabilties and now he posts that NFG should  have bought Marathon Gold, LOL. it's insane to think that NFG is not on the right track. It's insane to criticize management after they have intercepted 343 Bonanza grade holes during their first 3 years. It's double insane

[nozzpack]

I remain upbeat about our resource potential but it's the now very  obvious  that our management team is content to collect the buyout bonuses while getting paid very substantial salaries and benefits , as the bloat and float strategy proceeds unimpeded as strategic opportunities pass us by. Whether we are sold for a 10% premium or a 100% premium ,these folks will get the same

[Dixiedee]

Iam very pleased with this management team .The trenching program saved millions of dollars on drilling an exposed multiple high grade viens of gold .They sold Kldc  but kept a royalty on the property so they can solely focus on Queensway .They have easily raised money which is not easy to do  You have underestimated the quality of management and core investors here by a long shot they