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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Post by nozzpackon Dec 17, 2023 4:07pm
236 Views
Post# 35788937

Another Tax Loss Seller but…

Another Tax Loss Seller but…....will there be a Xmas week NR that blasts us through $6 ?

At some point , management needs to show that their strategic plan is not Bloat and Float but shock and awe.


This is my greatest criticism of current  richly compensated management.

Having shown, by wasting $32 million on moose pasture projects  when they could have repatriated those funds to develop QW South ......, an investing mantra adopted by Palisades with similar disastrous results for its shareholders....it's becoming quite clear that there is no stretegic plan other than float , bloat and hope that their undeserved compensation insulates them from investor reality until 
a sugar daddy comes along with a 25% premium that generates their buyout clauses..

Seen it before..
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