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 > NFG is a falling knife right now

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Comment by BebeRebozoon Jun 16, 2021 8:41pm

204 Views

Post# 33399935

RE:RE:RE:RE:NFG is a falling knife right now

BlueChipper2020 wrote:

Regarding Sprott selling. I do not know the details of this but logically it does not mean his view of NFG is any different today than yesterday.

All Sprott did was move some shares from one pocket to the other. He didn't sell anything. The whole "Sprott sold shares" narrative is being used by shorties to make some bucks scaring the sheep. And hey good for them, they got a news release that the market took as bad, and a big drop in the gold price. A lot of factors lined up in their favor. We'll see how far they down they take this now.

Long and strong.

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