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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 Aug 05, 2024 10:59am
91 Views
Post# 36164573

RE:RE:Regarding the ATM

RE:RE:Regarding the ATMIt would be possible for NFG to engage in promotion to institutional investors.....even overseas, such as Germany, Austria, or in Asia, such as Singapore.

They could use the ATM to sell shares to them.

Also, I wonder if NFG could engage in a buyback program of their own shares to support the share price, as a counter to Shorting activities.

Three D Capital ( IDK), which had the lawsuit against PALI & NFG settled recently, does this, and they appear to boost their share price, but, I get the sense that this is possibly somewhat manipulative on their part (or that existing shareholders just take advantage of any price rise to sell our their position wh has been frustrating them).

There does seem to be a number of actions NFG could organize to get NFGs stock price supported and stablized. Particularly since Erich Sprott is well aware of the destructive manipulations of the Short position.
My understanding is that Collin Kettel  was dismissive of the effect of the Short manipulation in the past. I wonder if he has changed his mind, esp given Erich's views, and efforts in starting 'SAVE CANADIAN MINING'.

Also, hire a promotional firm. I saw this working very well for Perpetua (PPTA), a start up mining operation of an old mining operation for mainly Antimony, a strategic mineral with gold reserves as well. They are getting support from the US govt due to the strategic nature of Antimony, regarded as a rare earth mineral, important for weapon systems, too.

Such supporting of a buybacks program could help in stabilizing the price after rallies on good news.

I'm not sure if this is legal, but, it appears other companies do it. I'm sure the Short position's narrative from their professional bashers would be quite negative. 
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