New Found Gold Corp V.NFG

Short Position …Stuck Like Glue

[nozzpack]

Short positions are beginning to be reduced on some other gold stocks but that is not the case for NFG.
In fact , a modest increase was the case.

Other similar junior golds with exceptional drill results like SGD and NKG have only a modest and /or declining short positions.


So, NFG stands out as an exception.

Why ?

There is an underlying posit that the share price is being kneecapped for a low ball takeover offer by one of the Seniors.
Not unreasonable but at what cost to shareholders ?

Is management aware of this valuation trap ?

If so, what are they doing to not only protect shareholder value but ....their raison d'tre ...enhance share holder value consistent with advances in tangible development initiatives  .

The share price imo reflects that management are comfortably numb, their financial compensation fully insulating them from the destruction of shareholder value evident for several years now and especialy so with POG over $2000 .

No roadshows , no dedicated  promotional activities whatsoever .
Too stressful ?

No major moves to unlock hidden shareholder value such as QWS .
Too much like work ?

Too comfortable with their Buyout compensation which is not tied to buyout value ?
At some point in this sustained assault on shareholder value , the only recourse will have to be a shareholder revolt .

But is the resolve of shareholders sufficient to undertake such a revolt ?

[1condor]

that darn market, eh. They give you a couple up days only to wipe it all away in a couple hours. I will say it again NFG is dead money.

[MAKEITBACK]

When you look at the most shorted stocks in equities, they are invariably the weakest companies that the vultures move in on. However, when you look at gold and gold stocks (especially the juniors), it is the strongest companies (with the best drill results) that are being shorted the most. This is because the shorting isn’t for profit, but mostly to manipulate the price down. In fact, it is a

[lionelmac]

If the share price is being knee capped for a low ball takeout offer,what has that to do with management? Merlin the magician running the company for free couln't affect the stock price in this market!