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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 DanWarrenon Feb 13, 2024 11:30am
158 Views
Post# 35877682

Huge volume happening today

Huge volume happening todayI'm seeing various signs of of possible changes in the trading......does it relate to the Short position? 

Yes, I think it may.

Is the Short starting to cover? Hmmm......maybe.

Does the Short think they have pushed the share price down enough, and trying to push it down further will cost too much in additional shares they need to sell Short?

Has a Buy In offer been made?....and rejected?
....and now the Short position needs to be covered.

Obviously, I'm speculating, bit I'm seeing various things that lead me to believe that there nay be a change in the Short's situation.

Remember, just because they may be covering, that doesn't end their manipulation. They will still do what they can to cover as cheaply as possible.

It may NOT be true that thet are covering. But, I am seeing a few signs that may be hints that something has changed.
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