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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. The Company is 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 an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Housekeeping on SEDAR
View:
Post by Retiredgeo on Aug 05, 2024 11:31am

Housekeeping on SEDAR

NFG has requested permission to sell up to $300,000,000 USD of shares.  There is a difference netween permission and intent.  It's intent may be to sell zero shares.  It will have the permission to do do if it ever needs it.

It may also seek permission to buy back it's shares at so much per week.  More housekeeping.  It will probably buy back zero shares.

Having the permissions on file is just management.  Don't read anything into it.

A new ATM will probably be announced when the old one expires.  This isn't it.
Comment by Evenkeel123 on Aug 05, 2024 11:39am
Yowser, an ATM for 100 million now in the works. Amother potential 300 million more to add. And perhaps, another ATM for say.......another 100 million? So that makes 500 million.  Whisling Dixie, where will that take the share price? Just the knowlege of such action puts a damper on everything. What's in your wallet? EK
Comment by Dixiedee on Aug 05, 2024 5:52pm
Wow making things up again nowhere it says there is 100 million atm in the works you complain when nozz makes things up but it's ok for you to make things up is that what you call a double standard 
Comment by Gangsterme on Aug 06, 2024 7:35pm
By applying for this the management obviously thinks that they can, should they decide, sell a bundle of shares. Never mind you and me, do you not think tha Sprottand Plaisades will and have had a say in this? The small investor here often seems to not realise and share dilution affects the big boys equal to us small folks. This is why management personnel as well as principal investors are ...more  
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