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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
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) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

New Found Gold Corp > What the heck
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Comment by tbnorthstaron Dec 20, 2020 5:57pm
205 Views
Post# 32149878

RE:RE:RE:RE:RE:RE:What the heck

RE:RE:RE:RE:RE:RE:What the heck
atchouk wrote:
tbnorthstar wrote: Oh boy, again. The announcement was made earlier but the rebalancing of the portfolio occurs at the end of Friday's trading. Please try to comphrend new releases.


Thank you for your explanation! It looks like the event had a double effect. First wave (five days ago) – the market appreciated the fact of including to the GDXJ, second – the ETF itself grabbed a large chunk of NFG shares from the market on Friday. I just wondering why they didn’t do it gently and slowly by smaller portion over some time. Or maybe it is just a first portion Can’t wait to see level II on Monday morning.



I would not expect any follow-thru Monday. In fact, unless they slide out a news release before the open, I would expect a bit of a retracement. People close to the story believe higher share prices are on the way in '21, but then again, what else can they say?
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