New Found Gold Corp V.NFG

Very, very irritating.....

[DanWarren]

Over on the other board, CEO, we have posters posting about how they hope Big Gold gallops in and buys out NFG....oh, nothing is for certain, they say and wring their hands in worry. ...better to get the best buy out deal NFG can, and be quick about it, they bleat their worries....

Wouldn't it be wonderful if Big Gold gets in a bidding war for NFG, they say!

Dream on ! That's a fantasy!

This is absolutely NOT the time to even be considering a buyout.....if ever it should be the time!

The party in gold is just getting started, and likely has years and years to go.

I've already started to write a very long post on this, as it appears to me that we have a NEW angle of attack on NFG on the other board, i.e. trying to convince shareholders that it is crucial to get a buy out.....apparently a TOTAL buy out, from BIG GOLD ASAP!

It appears that there is the same type of 'bashing' posting, but from an entirely different angle, trying to discourage shareholders that a total buy out by Big Gold is the safest approach for NFG shareholders.

Hmmmm....this doesn't make any sense to me at all.

Are these posters advocating for BIG GOLD?......it sure seems like it.

I believe the facts are that NFG is in the Catbird Seat...NOT Big Gold!....all the key advantages are with NFG it seems to me. There is no rush to need to sell out NFG. In fact, the best strategy for NFG is to stay independent, and begin to mine Queensway.

Maybe ALLOWING some well suited Big Gold company to come in as a very junior partner may be reasonable, but keep such a buy in to a low percentage say 10-20%..... If no takers, just keep going alone.

I don't want to sound like a know it all, because I'm not. But, it seems as though NFG has done much heavy lifting, and all the insiders agree that Queensway WILL be being mined many years, even decades into the future......NFG holds the cards on this probable very large deposit that may become larger and larger year after year with mining activity and ongoing exploration.

Meanwhile, Big Gold has extremely low, dwindling, low grade ore mines, many in risky jurisdictions. They would love to get their hands on QW...and their goal will likely be to try to get QW from NFG as quickly and cheaply as possible.

Has this been the Short strategy all along...to keep the share price of NFG as low as possible, to further a buy out strategy?.....might have been

Never the less, NFG holds all the best cards. NFG is in the Catbird Seat....NOT Big Gold!

I continue to say...

Don't Sell Out to BIG Gold ......BECOME BIG Gold !

[Yifto1]

Very well written. Can't understand why it's still stuck in the $5 range.

[bull_runz]

NFG most likely trades at a >30% premium just because its being prepped for a Major ;) That's how exploration companies usually work anyways.

[nozzpack]

But NFG trades at a huge discount to producers, so shareholders are the big loser because of this alleged strategy of not concentrating on  monetization of the drill rig via early production. We should know soon enough..

[Dixiedee]

When things start to move the % jrs will go up will be far greater than the % of any major producer period 

[1condor]

Dixiedee...really? Gold is around 2400 bucks and you state when "things start to move"? Just lettin you in on something...Things are already moving! Stocks in the sector are responsing very nicely. Sadly for you investors in NFG this is not occurring. You really have to ask why is that..rather saying than quoting one of these days it will "start to move".

[Dixiedee]

we are up 26% off our low of 4.08 so I would say we have responded but that is nothing to what is to come explorer move latter in the cycle and their are many producers still 40 or 50% off their  all time highs we are just in the early stages of phase 2 in this cycle for gold and everything gold  if you don't feel comfortable buying a jr exploration company don't buy if the

[Dixiedee]

Here is an inflation calculator using Canadian inflation which is similar to American inflation over this period using it gold would have to be over 2800 in US$ just to equal the high of 1981 in gold so like I said early stages of golds bull run see inflation calculator below https://www.bankofcanada.ca/rates/related/inflation-calculator/

[TheGreekGoldGuy]

NFG will do just fine, as lo0ng as they don't take the easy way out and get invoilved with garbage companies like MAE. They can do much better in the long run, if they keep drilling and adding more gold to their as yet to be detiremined resource.  GGG Here

[nozzpack]

Tripple G, I am up 50% on my investment in MAE since it acquired the Point Rousse assets and Mill in October of 2023. NFG is down nearly 15% since then . However, holding my investment in NFG through PALI I am up nearly 50% in a few months . So, pay more attention to your own losses rather than critize others who are making money .

[TheGreekGoldGuy]

Nozzpack, this is the NFG board where most people try to stay on topic. Your obsession with the ,04 MAE is amusing. Why is it .04 ?  Could the extreme dilution of 662.5 million shares be a factor?  If one checks your numerous posts, they would find that  you mention MAE in just about every post and  bash NFG management for not using MAE. Your posting has become very similar to

[nozzpack]

You brought up Maritime not me. Besides me , seven mining companies/ mining venture capital have bought into Maritime including ES. Thats my DD..

[Dixiedee]

So you don't own any NFG shares directly then at all just Pali shares is that you just said 

[nozzpack]

Every share of PALI ( 48 m ) is backed by a share of NFG , as Pali owns 48 m shares of NFG. NFG is basically its NAV. Ketell owns 13.5 m shares of NFG through Pali. Got it ?

[Dixiedee]

I got it do you Pali is not A-pure play in NFG they can do what they want with their windfall when it happens also the law suit while proably not going to amount to much still is a negative .also they will have more of a tax liability attached to their shares than if you owned NFG shares direct ( their Adjusted cost base is low ) capital gains also just went up any money flowing to its

[nozzpack]

You obviously don't pay much attention to the facts when comparing direct and indirect ownership , share for share , nor the lawsuit implications, nor the tax implications nor why CK owns most of his NFG through Pali......Like Me

[Dixiedee]

because he owns Pali which is a holding company that he controls not you and he got his Pali shares at zero cost and got NFG shares in Pali at near zero cost They formed NFG out of an asset Pali aquired and the claims Pali had and NFG grew from there . You personally own zero shares in NFG and control zero shares in NFG that's the truth even if you think otherwise you can be delusional if you

[Dixiedee]

So you don't own any NFG shares directly you just own the Pali shares