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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 Retiredgeoon Apr 04, 2022 5:07pm
150 Views
Post# 34574657

RE:Range bound

RE:Range boundI count only one analyst following the stock (perhaps Crescat).  Management doesn't have to flog the stock because they are sitting on a giant pile of cash and can always lean on Eric for more.  All of this is good news for long term, multi-year investors but bad news for short term speculators, most of whom, have already left the stock.  There are a handful of day traders flipping NFG between $7.65 and $8.10 CAD.

Reading through QH's smiles I suspect another major investor is about to gobble up a big chunk of the remaining float.  I would!  We will be the last to hear.
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