New Found Gold Corp V.NFG

RE:RE:RE:RE:RE:My question about labs being slow

[AlwaysLong683]

Three comments re. the lack of recent NFG assay results being published:


1) As I mentioned in a post a while back, the two Newroundland juniors other than NFG which are farthest along in their drilling programs have each produced two assay results press releases in July and August:

SIC:    

Press Release dated July 6, 2021

Press Release dated July 29, 2021

LAB:

Press Release dated July 21, 2021 

Press Release dated August 18, 2021

Given it seems very likely that NFG had many more cores still in the queue / pipeline at the lab(s) than either SIC or LAB in April, May, and June, it is very strange that they would lag LAB and SIC in assay results press releases over the past two months. While I agree that more companies are now sending drill cores to the labs, like I just mentioned, I think it is highly likely NFG had by far the most cores making their way through the assay process than any other company during April, May, and June, so if LAB and SIC can produce two assay results press releases each in July and August, you'd think NFG would have received at least one if not more assay results data packages during this time period......?


2) I have also noticed it mentioned that NFG has been subject to "blackout" periods where they were prohibited by law to release assay results:

a) Bought-Deal Financing: Announced August 17 and closed August 24:
What about the time period before this announcement?

b) Anticipated NYSE American Listing:
Is NFG legally required to stay slient on assay results if a NYSE American listing announcement is imminent, and if so, how is "imminent" defined by law (one or two days....?.... more....?.....and if so, how much more...?). 


3) Is it true that a Canadian gold exploration company is not obligated to issue a news release on assay results they receive that disappoint and are thus not deemed to be "material" news for shareholders and the investment community to know?

Alternatively, if companies are required to disclose all assay results, are they permitted to hold on to mediocre results until they hit one or more impressive holes, then release the entirety of all assay results at once at this later date?

Either way, I think the process is somewhat self-policing anyway, as the longer a junior gold exploration-stage company goes without publishiing assay results, the more likely its share price will decline (all other things being equal) as investors will start to wonder why the ongoing delay. I believe that the two achilles heels of a junior is a lack of assay results news and/or assay results that don't exceed (or at least meet) the expectations of the investment community.

We shall see!