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 > Sprott again

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Comment by Irreverent_1on Mar 18, 2021 12:15pm

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Post# 32826286

RE:Sprott again

rummager wrote: Sprott has invested another$15B at $5.25 a share - flow through.

Didn't ES recently lighten his position a few months back? Why was the dilution even necessary given that the company has $70 million or so in the til? Did he just walk into their office with his BBC swinging to and fro, sayn "yo homies, I need more of this?" (relax, its just a humerous metaphor. BL do M). Regardless, I'm thankful that his journey back to the trough was so well received. Or, is there something bigger afoot?

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