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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 Gangstermeon Jun 14, 2022 11:20am
214 Views
Post# 34755127

Marvin calls

Marvin callsLooks as there have been many holders of this stock that have had margin calls in last couple of days, this could explain some of the selling in the face of the outstanding potential of this company. Why else the selling unless one has a need to raise cash or forced to seep to cover margin calls.

As an aside, I have so many times read, on this site, people upset with short sellers but never does one read about anyone wishing buying on margin was not permitted. They both have the same result, a shift in the price of the stock, just in different directions. I want short sellers when I want to purchase and people buying on margin when I want to sell. Oh, to live in a perfect world!
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