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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
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•••
Post by likeikeon Jun 11, 2021 4:59pm
218 Views
Post# 33374485

still a director of NFLD and NFG has 10%?

still a director of NFLD and NFG has 10%?
@Oops Collins has done his filing now for SEDI:NFLD and noted 1m shares at a $1.35 value. So the CRES shares were valued at .10c, OPW .20c ORGN at .16c. This means the entire 'performance' package had a deemed value of $5.5m... not too shabby for running a sub $20m mcap company, now valued at $14.32m
 
9
 
@Oops And I should say that the only reason it is at $14.32m, is that the 14.5m performance CRES shares have already been added to the outstanding share count. a week ago there were only 70m shares OS
 
3
 
@Oops Oh look! We just raised our company valuation by $2.4m by issuing ourselves 15m shares. Gotta be worth a bonus.
 
7
 
@Oops Should store a copy of this before it is amended. SEDI:ORGN Collins is now amending his cost for the performance shares given to Jun 2 costs, which means that the distribution is going to be valued even a lot higher than what was given.. What are you doing Mike? https://cdn-ceo-ca.s3.amazonaws.com/1gbt3qu-CSE_Form_10_-_Notice_of_Proposed_Transaction_1_1.pdf
 
1
 
@42n8Xs @Oops Like you I perceived value in this company earlier in the game and was feeling pretty well positioned holding a company with fingers in a lot of pies. However, we got blindsided by a loose share structure and RSU. Going forward there is still plenty of potential here but hard to enjoy it when looking behind you all the time. I hope this distraction does not take you away what you do best. Cheers

@Oops Collins has done his filing now for SEDI:NFLD and noted 1m shares at a $1.35 value. So the CRES shares were valued at .10c, OPW .20c ORGN at .16c. This means the entire 'performance' package had a deemed value of $5.5m... not too shabby for running a sub $20m mcap company, now valued at $14.32m
 
9
 
@Oops And I should say that the only reason it is at $14.32m, is that the 14.5m performance CRES shares have already been added to the outstanding share count. a week ago there were only 70m shares OS
 
3
 
@Oops Oh look! We just raised our company valuation by $2.4m by issuing ourselves 15m shares. Gotta be worth a bonus.
 
7
 
@Oops Should store a copy of this before it is amended. SEDI:ORGN Collins is now amending his cost for the performance shares given to Jun 2 costs, which means that the distribution is going to be valued even a lot higher than what was given.. What are you doing Mike? https://cdn-ceo-ca.s3.amazonaws.com/1gbt3qu-CSE_Form_10_-_Notice_of_Proposed_Transaction_1_1.pdf
 
1
 
@42n8Xs @Oops Like you I perceived value in this company earlier in the game and was feeling pretty well positioned holding a company with fingers in a lot of pies. However, we got blindsided by a loose share structure and RSU. Going forward there is still plenty of potential here but hard to enjoy it when looking behind you all the time. I hope this distraction does not take you away what you do best. Cheers

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