New Found Gold Corp V.NFG

Another Tax Loss Seller but…

[nozzpack]

....will there be a Xmas week NR that blasts us through $6 ?

At some point , management needs to show that their strategic plan is not Bloat and Float but shock and awe.


This is my greatest criticism of current  richly compensated management.

Having shown, by wasting $32 million on moose pasture projects  when they could have repatriated those funds to develop QW South ......, an investing mantra adopted by Palisades with similar disastrous results for its shareholders....it's becoming quite clear that there is no stretegic plan other than float , bloat and hope that their undeserved compensation insulates them from investor reality until 
a sugar daddy comes along with a 25% premium that generates their buyout clauses..

Seen it before..

[lionelmac]

So a news release would blast the stock price through 7 but a buyout would be for 5.975. Makes sense.

[Dixiedee]

They have a plan to use the 3D siemic survey to drill to depth to find more gold And to expand existing zones and find new zones once this is done The next step to get a resource estimate on a number of these zones 

[Retiredgeo]

Nozzpack wants to be a NFG speculator but he is three years late to the party.  Queensway is now a mining project in it's infancy.  Management's objective is to build a lucrative gold mine(s) and if someone comes along with a giant buy out offer - BONUS! Some of you are hoping for a second kick at the can.  I just don't see it happening.  More giant discoveries

[nozzpack]

Thank you. I understand and appreciate your investment thesis here. I am not a speculator but in these times of political instability , the faster the route to cash flows , the quicker my investment is derisked ....and being alive to enjoy that return . If management do not have the same sense of monetization urgency because they get well paid why we wait, then their investment strategy is open

[Evenkeel123]

Nozzpack, such fancy words, lol.  Just say it the way it is.   Management monetary policy sucks! EK

[Dixiedee]

do you really appreciate how far this project has come in 3 years this thing is moving at lighting speed  compared to normal mining / exploration time lines these days .Those that use this time to build a position will be very handsomely rewarded in time is it tomorrow no it isn't but it's coming faster than the normal timeline and it is growing into a monster .So take it for what it

[Fredo51545]

Did you expect this much dilution with more to come?

[Dixiedee]

Will it be dilution if they add more value than they spend only the drill bit will be able to answer that one