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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 eldrecoon Nov 05, 2021 5:04pm
150 Views
Post# 34094290

RE:RE:A good post!

RE:RE:A good post!Thank you, Hope21,

I agree with you...but on going back and re-reading Snidely's post out loud to myself a couple of times...such a clarification would be very nice - but not totally necessary, as they effectively did that already in how they presented the information in the initial NR.  They acknowledged the problem right off (many Cos would have waited to see if anyone noticed!)...and they announced a pathway for clarification with the NR.  Commendable!

BTW The PVG "scam" was an entirely bogus report from the company overseeing the assays (of a very similar nuggety deposit), coupled with an awful document from, I believe, Viceroy (a group of guns-for-hire shorters that have an established history of things like this) that declared there was no gold.  The stock dropped immediately hugely.  Their mistake was to take core from the 30k tons provided...but they didn't sample the whole thing...so they missed it!.  MY mistake was not moving immediately and buying a couple hundred thousand shares at 2.25 - 2.50...this would have paid for itself in the next two DAYs...as things bounced back real quick!  And as the whole slimy story began to unravel.

Not saying this is how it will definitively work for NFG...but I wish to thank all those panic-sellers for letting me (and others who know what this company has) bulk up a bit.

I've talked long  enough - thanks for reading!  and we'll see how we fly next week!
best,
el d



hope21 wrote: I thought that was missing also. The company needed to clearly follow up this news with clarifIcation. Great post Thanks for sharing this information.


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