New Found Gold Corp V.NFG

RE:Gold moving higher again today

[AlwaysLong683]

megacopper wrote: Gold is still moving higher today even after a large move up last Friday. There has been an obvious shift in capital flow. Whether it's related to the tensions between Russia and the Ukraine or higher global inflation is very positive for gold. It appeared to me to be more to do with the possibility of war but inflation and other longer term economic factors are playing a role as well. 

In my view, current or near-term turmoil re. inflation, possible war, or other events that usually boost the price of gold tend to benefit companies that are currently producing and selling gold as they will benefit right away from such events by being able to sell their gold at higher prices, but junior gold exploration-stage companies not so much since the market realizes that it's likley going to be years until these explorers make their first pour and no one knows how smoothly the process to build the mine will go or what gold will be trading at at that time. Instead, as I've stated in the past, junior explorers rely on the quality and frequency of assay results (I don't think this "one core per press release" strategy is working very well), and in NFG's case, the additional factor concerning the uncertainty of the outcome of the investigation and contents of the final report.
The one execption would be rumours of and / or an actual takeover of the company at a signficiant premium to its current share price, similar to what GBR experienced a while ago.