Ownership StatsSelected NFG shareholders (according to Simply Wall St.):
Palisades Goldcorp: 29.34% (#1 shareholding entity)
Eric Sprott: 19.91% (#2 shareholding entity)
Novo Resources 9.45% (#3 shareholding entity)
Collin Kettell 3.25% (#4 shareholding entity)
Quinton Hennigh 0.07% (#10 shareholding entity)
Rob McEwen: not listed in the top 12 shareholding entities, so may have sold most / all of his NFG shares at some point in the past.
Notable from the above:
Palisades Goldcorp,, Eric Sprott, and Collin Kettell (Executive Chairman and CEO of Palisades Goldcorp as well as Founder and Executive Chairman of NFG) combined appear to control over 50% of the oustanding shares of NFG.
Novo Resources, where Quinton Hennigh stepped down as Chairman and President in August to assume a position as non-executive co-chairman of Novo, still owns almost 10% of NFG. Novo's share price has not performed well over the past 4 years - not sure why, and don't know if Novo will "do a Rob McEwen" and sell it's NFG shares to use the proceeds for its own company development.....?
Quinton Hennigh himself personally owns less than 0.1% of NFG.
Bottom Line:
Looks like two players (Palisades/Kettell and Sprott) hold the cards on any shareholder vote requiring a simply majority, and if a 2/3, 3/4 etc. majority is required, they may be able to make a powerful argument to sway enough additional shareholders to fall in line to gain the necessary shareholder approval.