New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Dilution

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Comment by eldrecoon Nov 13, 2022 5:28pm

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Post# 35095314

RE:RE:RE:RE:Dilution

Thanks Dixie,

I agree with the "discount to market" part absolutely...altho' there seems always the need for a carrot. One of my pet peeves (and I have participated in a few in the past, I am embarrassed to say) - is to see a discount to market PLUS warrants. This is always like adding insult to injury...and to have unexercised warrants sitting out there always seems to come back and suppress the SP at (critical) moments (and bite the company in la derriere!). Have seen it happen over and over - maybe you too?

I look at BYN...who has, to my knowledge, never done the warrant thing...Tara is right...you are either on the bus or off the bus...and the shares are in steady hands for the most part. I should think NFG has grown up enough that they might consider this also. It also does seem to help keep the bottom-feeders out of the queue.
el d

Dixiedee wrote:

itsjustme1 wrote:

eldreco wrote: You are such a continuous chiseler, itsjustme. You never seem to change.
el d

itsjustme1 wrote: Is the one thing that has me worried. Aggressive drilling = expensive drilling.
NFG needs to impress market faster than dilution scares it. The race is on.
We need some big intercepts over 2 to 5 meters before our next drill program

I am a realist. You can bury your head all you want. Good luck. "55 million cash and marketable securities"
Dilution is unavoidable in my opinion

You know this is a jr now don't you only why to advance the project is drill then prove up a resource
you talk about Dilution as if this was a producing mine

bottom line is they will at some point raise more money hopefully at a much higher evaluation than it is today either by selling shares are taking on a partner if they raise money and spend it to add value it's a win win
if they take on a partner reducing risk and add value it's a win win
only time I get upset with a company raising money is when they do it at a discount to market price which this company has not or spend it foolishly which this company has not
I think your worried about something that really isn't an issue at this point