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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 GGGsOldFriendon Mar 23, 2022 1:04pm
134 Views
Post# 34538278

RE:RE:My thesis...

RE:RE:My thesis...Thanks Dan.  I've seen some discussion here regarding the short position and the potential that shorts have been active in manipulating this stock, but have frankly paid almost no attention to it.  My short answer is that, if true, there's nothing I can do about it anyway, and fundamentals will still ultimately prevail. 

I hear your comments regarding trying to thwart them.  I'm not dissuauding you.  Have at it.  But it's not for me.  I've been around long enough and watched/participated in enough similar conversations to have learned that these conversations/efforts are a waste of my time.  I could be wrong.  I admit that I'm jaded. 

Finally, my instincts cause me to suspect that shorts aren't a big effect here, and, if they are, that they're playing with fire, will get burned, and won't be a long lasting significant influence.  Shorts normally succeed by targeting companies susceptible to manipulation...the under capitalized and overly promised.  NFG ain't that.  But again, I have a history of making magnificently bad investment decisions.  I could very well be wrong. 
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