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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

Comment by DanWarrenon Jun 23, 2024 11:08pm
217 Views
Post# 36102692

RE:More fun facts

RE:More fun factsSo curious...Crux Inv is located in London, yet it appears this small investment organization seems to  focus on the Canadian junior mining sector.....or am I missing something, and this is just a fraction of Crux's business?

One would think that an outfit with such a niche specialty would locate in Canada, right?

We have also learned over the past couple of years that there appears to be a niche investment strategy of SHORTING Canadian junior exploration/ development firms. This small niche industry surely populated by specialized firms, and maybe Canadian  traders who delve in this shorting strategy against these micro cap stocks, in significant part, is able to prosper due to the illegal tactic of Naked Shorting of the stocks of these generally illiquid stocks. The Canadian regulators apparently don't give a da____ about enforcing this law breaking tactic....it IS ILLEGAL , right?.......or am I missing something here?

My understanding is that in England, it is, essentially, impossible to sue some entity, person or other entity,  for slander, or for damages due to slander.

Crux Inv has a posting account on CEO.ca. at least they had an account a couple of years ago. Once they posted on CEO.ca that Crux does NOT short stocks, if I remember correctly.

Somewhere around that time, another poster on CEO .ca, or maybe it was on STockhouse, posted to a link of a job posting from Crux, where they were seeking a 'content provider', preferably those who had some familiarity with accounting terminology. The pay wasn't that big. Maybe around 3,000 per month for M-F work schedule. Not sure if that was US dollars or British pounds. But, it made me wonder if this was a job posting for posters to Canadian Investment comment boards.

I believe that somebody on these boards explained WHY Crux Inv calls their reports ' Analyst Notes' but didn't list the particular analyst whose notes they were, at least in the past they didn't list any analysts name....are they now? That somebody said they don't attach a name to their 'analyst notes' due to threats received in the past.....hmmmm. ....I dont think I've ever seen that in a brokerage  / research outfit......is this common or even rare in investment research outfits?...brokerage outfits?

The whole situation with Crux is curious. Just how does Crux Inv, located in London, manage to make a going business out of specializing in the Canadian Resource universe of mainly Mico cap stocks?....if this US their main business?

The entire universe of these stocks has been out of favor with North Anerican investors for years. It's a very specialized area of investment, where it seems these tiny companies rely upon the favor of mostly Canadian investors who have developed a special familiarity with these types of stocks.....How does Crux tap into that universe of investors while being located in London?

From what I am aware of, the main countries in Europe where there is any notable interest in resource stocks is Germany and Austria, and that is historically related to the disasters these two countries went through from WWI through WWII, and the self inflicted catastrophes they imposed upon themselves......destroying Europe and embarking the entire continent upon a trajectory of historical implosion, still ongoing as these nations inject themselves with ongoing doses of Leftist Cult poisonous  ideology....at least Eastern Europe seems to have developed some strong imunity to this poison, having developed natural immunity due to being infected with a long case of Soviet style Communist dictatorship from Russia for 40 years.

This Shorting niche industry against the Canadian Resource Industry is ALLOWED to prosper, quite significantly due to the elimination of the 'uptick rule', where the now jettisoned uptick rule use to force Short Sellers to only be able make a short sale only on an uptick in a stock they short sell. But, now, short sales can be made one after the other, pilling on to drive the stock down.  Much like a gambler in a poker game who has the most chips by far, he can just keep upping the ante to drive the other players out of the game.


Erich Sprott and other prominent industry leaders have now begun a movement, titled I believe' Save Canaduan Mining' to combat this insidious Short Selling Niche  Segment of players, and the ILLEGAL naked short selling. I'm not entirely understanding of how the naked shorting works, but, you are SUPPOSED to borrow shares from a brokerage house of the shares you intend to short sell. And by borrowing these shares to sell, the brokerage house has to have shares owned by the brokerage house's clients in the shares of the company the Shorter wants to sell short....and the Short seller has to pay an interest expense to borrow these shares.

So, how is it that some Short Sellers are ALLOWED to short shares of a stock where they DONT have to borrow the shares of the target stock to Short Sell these share?....how is this even possible?....How does a Short Seller even execute a short sale if the brokerage house they are trading through DOES NOT lend them the shares to sell short?...how?

So, again, my curiosity is pricked....how does Crux inv actually earn revenue, based in London, by focusing on the 1500 or so, mainly micro cap Canaduan resource industry?

Does Crux have other business services besides those related to the junior Canaduan resoirce stocks? 

I am not sure about this.

But, I am curious as to how an investment related company can make a viable business out of specializing in the Canaduan Junior Exploration/ Development/ Resource industry, ..Yes; there are investment newsletters and pod cast for this industry; but they focus on FINDING the best of these stocks to invest in. And, they often get fees from the companies they follow and write about, though they disclose this bias....and they mainly appear to be mom and pop sized businesses.

Dies Crux get fees from clients for providing some sort of service? Does Crux have a bias in 'covering' the stocks in this universe of stocks they write about? ....if they have a bias; are they required to disclose such a bias....if they have one?....or is this not required in England?

Who are their clients? Who pays Crux, and for what do they pay?

It's all very curious, isn't it?...I think it is.

And, why do posters post Crux analyst reports on these message boards?

And, why is that these posters are often obscure posters?......and why is Crux so contrary to all the other brokerage analysis reports with actual named anaysts, all of whom are target very significant gains for NFG stock.

And, why is the small short positio in NFG so persistant. Given the tremendous progress NFG has made, why has not the Short position called it a day and folded up their tent and gone away?

The risk reward ration seems to be wildly in favor of the long position for NFG. Gold is certainly strong. And NFG seems to have already found a substantial commercial deposit, and still with HUGE opportunity for much more, to be explored for in the months, and many years to come.

Why would anyone Short a stock with these fundamentals, and tremendous growth potential. 

The Shortpresence in NFG, small as it is, is certainly curious.



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