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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

Post by AlwaysLong683on Mar 15, 2022 2:50pm
204 Views
Post# 34516042

Here's An Idea

Here's An Idea
Not sure how many people on this BB noticed this, but NFG released their Fourth-Quarter and Year-End Audited Annual Financial Statements and MD&A as at December 31, 2021 last week (March 10 - check it out on the "Financials" page of NFG's website under "Investors" if interested).

Like other publicly-traded companies, NFG releases financial statements and MD&As on a quarterly basis (for example, in 2021, the release dates were April 29, May 26, August 27, November 22).

However, NFG does not appear to:

a) Issue a press release a week or so in advance of the release date (or even the day of) notifying people of this so the investment community gets a heads-up if they wish to take a look at this information as I suspect most followers of NFG check the News page of the website on a regular basis, but not the Financials page as financial results / MD&As only appear four times a year.

b) Hold a Conference Call after the release of these documents.

I don't think other junior gold exploration-stage companies offer the above either, but given NFG's relative size and (I assume) desire to get more potential investors taking a look at the company, it may be worthwhile to do both of the above.

Now, MD&As usually provide a lot of information, but there may be questions the investment community has that are not addressed in this document.

Not sure how many (if any) analysts follow NFG on either side of the border, but quarterly Conference Calls allow them the opportunity to have their questions answered while anyone can listen in.

Companies usually provide a toll-free number and an access code for anyone wishing to listen in during the call.The best ones also post a written transcript of the call on their website for those who were unavailable at the time of the call.

For those who are not familiar with Conference Calls, typically both the CEO (Craig Roberts) and CFO (Michael Kanevsky) give opening statements, then open it up to analyst questions. For small companies, I have even heard average joe investors get a chance to ask a question if the analyst queue is short.

Now, if NFG does get much if any coverage by analysts, it's probably best not to hold a Conference Call as it may be somewhat embarrassing to have no analyst questions to answer. If so, that's fine, but I think it would still be worthwhile to at least issue a press release notifying people when the quarterlies are coming out so any analyst or current / potential investor gets a reminder that the documents will be there to view / download if they so desire.

Not sure if the above will help much for a junior explorer, but food for thought anyway......


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