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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) 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

Comment by lifegoesonon May 22, 2021 11:34am
271 Views
Post# 33253924

RE:somebody F'up releasing Drill result news on Fri

RE:somebody F'up releasing Drill result news on FriOldf.... The reality is we don't know when they received the assays. They could have come in Friday morning and as a result of the spectacular assays, they were instantly forced to halt the stock since it was a material change, they then prepared the press release and re-opened before the close. Who knows, they may get more assays over the weekend and report those next week.

As for Sprott buying stock, he is privy to things we are not given the money he has invested (he is under a Confidentiality Agreement under the terms of his investment which allows him to conduct due diligence and look at things we would never be allowed to look at), if I read the tea leaves corrected, "Follow the Money". Just think about it, his buying may have been because of his visiblity of other cores being drilled in Keats over the last week that were not directly connected to the assays released yesterday.

Oldf, sure hope you didn't sell all your shares, I think NFG has a chance to be one of those once in a life-time resource plays.

By the way, Sprott has placed many secondary bets in plays next to NFG, so he is certainly hedging his position in NFG.
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