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 > Crux interview

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Comment by AlwaysLong683on Jul 14, 2023 3:13am

141 Views

Post# 35540689

RE:RE:RE:RE:Crux interview

Moral of the story is one needs to do their own DD and make their own decisions re. which companies to invest in. I'll listen to the arguments of experienced people or entities, but I never use it as a main factor in my decision making. At most it's food for thought if there's anything I think is worthwhile considering from that source. Newmarket Gold (Fosterville) was a grand slam. NVO is a trainwreck. Got to be careful in the junior gold space.

According to SEDI, Hennigh's personal investment in NFG consisted of just three transactions before he ceased to be an insider on June 7, 2022:

August 11, 2020: Purchased 15,300 shares on the open market.

January 4, 2021: Exercised options to acquire 100,000 shares at 0.50.

May 20, 2022: Privately sold 100,000 shares at 8.75.

Balance as at June 7, 2022: 15,300 shares.

Crescat Precious Metals Fund presentation deck March 2023 (dated info, but appears to be the only one posted):
NFG no longer appears on the fund's top 10 holdings (page 13).
NVO is #9.

Eric Sprott:
- If memory serves, owned 1M common shares and also held some senior debt in Pure Gold Mining (PGM), which went into creditor protection a while ago and no longer exists, though I think Sprott had first dibs on the remnants of the company during the wind-down of operations due to the debt he was owed by the company.
- SIC: Not looking good and is in dire need of some good news to turn the company around.
- KNC: SIC's neighbour that is in even worse shape than SIC IMO.
etc. etc. etc.

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