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 > Market apathy

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Comment by nozzpackon Mar 07, 2024 6:55am

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Post# 35919827

RE:Market apathy

That's not quite so.
The Special Charity FT announced in October when the share price was in the $6 range was predicted at that time, the selling of which ...due to its discounted value..to drive the share price to $4 which is exactly what happened .

It was a huge Xmas gift to the shorts but shafted ordinary buyers.
Once again, it showed that managements priorities were aligned with the shorts and the institutions , not ordinary shareholders like us.

SGD showed no such sustained collapse and is now trading at its all time highs ..

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