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.

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New Found Gold Corp > Math

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Comment by Kincar3on Mar 15, 2023 11:11am

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Post# 35339827

RE:RE:Math

I was thinking that by rebalance they meant adjusting the weightings in the actual fund (not the NFG float).... so with AUM of $3.8 B and a desired increase of 10 bsp, they need to add $3,800,000 worth of stock into the fund? If this were correct, and I am not any kind of math guy, and if we said at a $5.75 average (maybe more/maybe less) they’d buy about 660K shares.

I noticed they put a date (March 17) on the rebalance, so I guess look for a buyer of “some” shares come Friday; unless as I think others have suggested it’s a private acquisition. Happy St. Pat’s.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?