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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 jimmymacon Jul 19, 2024 12:50am
173 Views
Post# 36139542

Pattern\

Pattern\Selling against the box is a maneuver used to supply shares when the market is rising,, thus allowing
market makers to support during setbacks. A tried and true strategy. The selling under the ATM has 
been brutal;, as dhe shares being flogged indiscriminately come from the treasury, and never provide
downside support.. Short sale artists are taking advantage of this pattern, intensifying the downtrends
for two years now. It is not clear whether the BMO ATM deal will be renewed, as management's only
comment is that this matter will be announced officially when the decision is made. If renewed, 
another lengthy period of dismal openings is in the cards. Pity the minority shareholders.
The constant overhang is brought to light when on the opening any given day the ask figure is always for a boardlot more than the bid. Our interests are not being satisfied; without the ATM the shares
would have been trading at $7.00 CDN.,by now, and brokers would be competing to be the manager for,a bought deal.
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