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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 Bilderbergon Aug 15, 2024 6:26am
140 Views
Post# 36180011

RE:RE:RE:RE:Share price

RE:RE:RE:RE:Share price

This is just my opinion, I live in a very small town Triton NL and I know the owner of Duralite Diamond Drills and I have family, friends and neighbours who work for NFG and other exploration companies in NL and Lab. 

Two of my buddies signed 1 year drilling contracts with NFG in early March, did some drilling near Gander for about 6 weeks and have been sidelined ever since. They don't know what happened or why they are still sidelined since early May, just a lot of rumours with no concrete information. Duralite info I cannot share...

Eric Sprott has been buying regularly every month or multiple times a month for years at $5-$6 or more. Why did he suddenly stop buying after April this year right around when my buddies got sidelined shortly after signing on with them? Why is he not buying at these much lower prices? Why am I? Aha  
Seems only a handful or majors have full control of this stock so that's still an issue for me as it's too easily manipulated but...
After the Osisko Mining news and the fact that NFG is top trending this week I'm easily manipulated and suckered back in....using my LIRA anyway so I can wait 15 years if need be )

Oversold now IMO but still expecting some solid dips or "opportunities" to average down. 

 

Patient1nvestor wrote: "Looked so promising until last few months,not so sure any more."

Did you not know that it would take longer to drill deep holes and there would be some hits and inevitable misses. So, I am expecting some duds.

Please don't let emotion overrule logic and reason? 

 

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