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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 hope21on Nov 06, 2021 12:02pm
253 Views
Post# 34095784

RE:RE:Portion of PR Text I Find Most Concerning

RE:RE:Portion of PR Text I Find Most ConcerningI appreciate your post AUSTIN48.

i have many unanswered questions also but i don't like to make assumptions without knowing all facts.

Some people got hurt with this news and lost lots of money yesterday.

This is what is missing in the latest news release. Personally I believe the company should have followed up this news release with more clarity, which did not happen.

Did the market take this news overreacted possibly. The news left us with to many unanswered questions and do not forget some short players played a part in this panic selling.

Does the news merit some serious concern possibly but until we know all the facts we can not make any assumpitions. I am sorry but i have been auditor for almost all my career and don't make conclusion until i know all the facts.

The problem because the news was not clear some assummed that all drills results were overstated. Again that is an assumption not a fact.



 
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