InvestAU1 wrote: I sold some shares yesterday and today for following reasons:
1. For me it is up by almost 5X times. I heard about NFG before it became public trading company. Eric Sprott mentioned about it before it became public.
Sprott Money on the Youtube.
I am still holding shares that are now zero cost to me since I think NFG has just scratched the surface.
2. I consider May to Oct to be not favorable for stock market.
3. Add back on pull back. Nothing goes up in straight line. There is always a pull back in down market.
If you are share holder make sure you read following technical report on NFG web site. Read serveral times and understand it well. Do you own deligence and reason for holding or buying the share.
Investors - New Found Gold Corp. Investors - New Found Gold Corp. Interesting situation for Nova Resources :
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Nova has 15 million shares of NFG.
Nova trades at $2.22
NFG is worth about 0.50 per shares of Nova. I am watching NOVA and buy it when it gets really cheap.
Interesting fact about SPOT.V
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For me it is also up by 5X times since I bought it.
This is 3 in 1 company : 1) AI-Software / Consulting company
2) Hold shares of some mining companies including NFG. They bought them at 40cts.
3) Royalty company. Holds royalty in serveral mining companies. 0.5% to 1.5% royalty in NFG. In a few years this royaltyin NFG alone could be worth couple of dollars.