New Found Gold Corp V.NFG

RE:RE:RE:RE:RE:RE:RE:RE:RE:Just wondering.....

[Goldziggy]

AlwaysLong683 wrote: Agreed NVO wasn't a pump-and-dump by QH - it couldn't have been as I beleive QH has held and continues to hold a large number of shares in NVO. To date however, it appears to have ended up as a very costly hypothesis / experiment for other NVO investors.

Re. NFG: Yes, of course QH can make his own buy or sell decisions on the shares he owns personally. That said, if we assume QH seeks to maximize profit in his investment portfolio (like I suspect most / all of us do) and needed money to invest in new companies or for personal reasons, logic would suggest he would sell shares in the companies he sees as least promising for further upside from their current share price and keep those he believes have the best prospects for further share price appreciation from that point forward regardless of where his returns-to-date stand on each name. Thus, sellling NFG just because you bought it for a small fraction of its current share price and are thus up by a lot doesn't make sense if you believe it has much more upside unless you are in such a tight monetary pickle that you need to liquiate your entire portfolio. Instead, one would, rationally speaking, sell shares owned in those companies you believe have the lowest upside and/or highest risk going forward. Further, unlike your example about you not owning Snowline personally, he did own a lot of shares of NFG and made the conscious decision to sell most of them instead of other names. Hard to spin that any other way.

Re. SGD: No matter how much geological expertise someone has about gold deposits, to "guesstimate" a 34M oz resource across SGD's claims from preliminary field data and half-dozen or so assayed holes is very careless in my view. It's one thing to say a given property has the potential to host one or more profitable mining operations, but making a statement like this at such a very early stage of a company's life is unprofessional as I see it, and I wonder how many other reputable geologists would utter a similar estimate at this stage of SGD's exploratory work....?

If memory serves, QH did something similar re. LAB.

In one of the videos referenced by mega or some other poster when NFG was landing monster core after monster core, as QH was commenting on the already-established NFG assay results up to that date, he pointed out how very similar geology continued north of NFG's claims (i.e., into LAB territory), thus implying that it's likely we would see similar results from LAB (side note: QH joined LAB's Technical Advisory Board in December 2020). . While this could still end up being the case, LAB has been drilling at their most promising prospects (Big Vein, Golden Glove, HTC Footwall) since April 2021 and, to date, has not come up with anything remotely close to the numerous big hits NFG has produced.

In fact, my guess is QH is likely one of the main reasons why NFG owns over 12M LAB shares and over 1M NVO shares (as at June 30, 2022). I guess the only silver lining here is that NFG appears to have sold over 5M NVO shares at some point between January 1 and June 30, 2022 as they used to own over 6M shares of NVO (see note 5 of NFG's Financial Statements dated June 30 2022).  

Thus, like I said, QH is probably worth a listen, but I would jconsider his commentary as just one opinion among many when making any investment decision on a company in which he is bullish.

I dont agree with you saying QH sold his NFG shares because there was not much upside left. I think he sold the one he had the most profit on. All his other holdings are probably at break even or underwater or not up as much as NFG was at the time.