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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 BetontheFed1on Nov 09, 2021 10:01am
106 Views
Post# 34104337

RE:RE:No Tipoff

RE:RE:No Tipoff
Global1966 wrote: If you think ES doesn't  know what's going on, it's you who needs to understand placement documents


So you're saying that ES knew that there was a problem with the assays and went ahead with the deal.  ES is smart so if he knew, he knew that the stock price would go down.  Could be you're right.  If so, then ES really does believe in the company and he'll probably buy more at these levels.  Surprised we haven't seen any ES buying yet.  The $50 million deal was out of the blue.  Only 3% of the shares outstanding so the deal didn't have to be presented to shareholders.  Management probably wouldn't have done the deal at this price level.  If you were in management and thought the SP would double to $20 in the next year, would you have made this deal with ES?  Interesting questions.
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