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 > BMO Sold 263,000 shares today at $4,10

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Post by nozzpackon Jul 18, 2024 5:02pm

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Post# 36139135

BMO Sold 263,000 shares today at $4,10

The ATM shares are being manipulated lower and then filled at the lowest price.

Most recently , NFG had $54 million in the bank.

So why are they selling ATM shares almost every day at below market prices?

Clearly, sustained equity dilution and sustained reduction in shareholder value is not remotely a concern for them.

They have to be replaced by a shareholder revolt , by going public.

One wonders why they allow this to continue ...

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