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 > Why not Hope Brook or Cape Ray ?

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Comment by nozzpackon Apr 24, 2024 2:53pm

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Post# 36005619

RE:RE:RE:RE:RE:Why not Hope Brook or Cape Ray ?

Thank you.
There is a groundswell of disenchantment with NFG management as their emphasis on funding by share dilution plays directly into the hands of the shorts who know full well that the ATM equity sales makes their covering quite easy .

Any rise in the share price as was the case yesterday is easily rolled back by the shorts today.

Which is why actual buying volumes ( excluding wash trading ) here is almost non existent .

All of this would change if NFG announced their intent to generate signifucant cash flows from early open pit mining .

But, you need proactive , pro shareholder management for that ..

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These cold weather stocks are looking to heat up for winter