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 > Oversold?

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Comment by Retiredgeoon Oct 31, 2023 4:58pm

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Post# 35710022

RE:Oversold?

It's not about dilution. Whomever ends with these shares isn't going to want them and they can ditch them for approximately the current price. Until these shares are sold and bought up NFG's share price is going to be artificially depressed.

We saw it all last December. You can peruse the historical record for how long all of this will last. This is the second kick of the can.

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Advancing flagship Ishkõday Gold Project in Ontario