Newfoundland Discovery Corp NEWDF

Primary Symbol: C.NEWD

Metals & Mining Gold

Newfoundland Discovery Corp. is a Canadian junior exploration company. The Company’s projects include Bursey and Grub Property, Dickison Lithium Property, Newlands Property, Northbound Property, Robinson’s Salt Property, Rodgers Cove Property, Southern Star Property, Southwest Pond Property, Sugaree Property, Unity Group Property, Urban Thunder Property, Valentine Mountain Property and Voltstone Property. Its Grub Property consists of approximately 197 claims totaling 4,925 hectares. Its Bursey Property consists of 22 claims totaling 550 hectares. Dickison Lithium Property is located in Ontario, Canada and covers over 6,933 hectares, situated 54 kilometers (km) north of Terrace Bay. Newlands Property comprises 11 claims (237 cells), spanning over 4,962 hectares and is located 70 km southwest of Hearst, Ontario. The Northbound gold property has 56 mineral claims covering approximately 3,076 hectares, located 85 km northwest of the town of Matagami in northern Quebec, Canada.

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Newfoundland Discovery Corp > Sold GTG - Explanation

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Post by Smokeramaon Apr 25, 2020 4:03pm

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Post# 30953564

Sold GTG - Explanation

Sold GTG at a small gain. If WM sold some adjacent land rights to GTG, does that not tell us that it will not be acquiring GTG and that it is of the view that the GTG's land package is not that promising?

What am I missing here?

Also, GTG does not appear to have much other than land rights and a need to raise cash to drill. So dilution is on the horizon.

I am much more comfortable with my holdings in WM and BAR.

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