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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 megacopperon Aug 05, 2021 9:10am
139 Views
Post# 33653846

RE:RE:RE:Confused

RE:RE:RE:Confused

Little wrote: Probably wrong title. I don't want to mislead any one that's why I wanted to make clear that I am new like others who read this board. I was in from the beginning. And bought more on the why up. It seems like there are a lot of negative posts which is stuff that we where aware of from the beginning.
that's why I wanted to put a positive note on it. 

 


Well I think you are wondering why people are selling when the drill results have been so positive. It is natural for gold juniors to drift lower with the lack of news. It is also a factor of seasonality to it with gold juniors naturally dipping in value in July and August while investors are on vacation. There is a saying of sell in May and go away. Lol So Investors sell for all sorts of reasons such as selling for the simple reason they made profit and are moving onto to another investment they think will do better, sell because they need money for some other reason. So people sell for all kinds of reasons but they only buy for one reason and that is to make money. 

My advice is to buy more NFG on share price weakness. I would regard anything below $10 as a very good buying opportunity. 

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