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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 Kewl002on Dec 06, 2021 1:52pm
203 Views
Post# 34202969

RE:mutual fund institutional ownership update

RE:mutual fund institutional ownership update Imo, this is not a "Normal" instituation type investment in the junior mining/explorer category and I expect ony a handful of really smart value-oriented investment houses to buy NFG.

Most junior mining companies are heavily dependant upon instituational investment to raise the capital necessary to explore. This also makes them 100% vulnerable to those same investment companies saying "OK we've made enough $$$ -- now sell your company so we can cash out".

This CANNOT happen with NFG because ownership is concentrated in the hands of Kettle and Sprott, Novo and Mgmt and thus there is only a 30% free float available for ALL of retail and institutions.

Any institution that invests in NFG is doing so on the basis of perceived value and not because they will be able to control the outcome -- they expect the share price to rise because of the details regarding management, property and drill bit. They know in advance that they cannot force their will upon other shareholders. 

This is an EXTREMELY powerful vote of support by these isame nstituations in every aspect of NFG. They would not be making these $multi-million investments if they had any doubt whatsoever in they were investing in the best outcome. Their jobs depend upon it their companies being well rewarded over time.

The attached post says that institutions own 7.5% of NFG --> this is equivalent to 25% of the available free float. The ONLY people that they can buy more shares from is you -- because it's the retail shareholder that owns the remaining 75% of the free float.  A measly 30-35M shares remain IF ALL of retail sold out -- but they won't be getting mine.

So as the SP floats up and down and makes us wonder what's going on behind the scenes - remember that the only way any of these instituations can position for the potential motherload is for you to sell them your shares. This will take on an even greater prominance if/when we FINALLY get the drill bit issue resolved and assays begin to flow again. 

No matter how frustrated we sidechair quarterbacks are with the lack of assays, it's our  management team that actually NEEDs this information to find that motherload that we are all awaiting.

Imagine their level of frustration at not being able to tell us WHY they have 14 drills running concurrently and/or what they have already found for which they don't have assay proof available to confirm publicly.


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