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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 21, 2024 6:43pm
94 Views
Post# 36190883

RE:RE:RE:I'm calling this GODZILLA!

RE:RE:RE:I'm calling this GODZILLA!Gangsterme....looks like you finally went LONG....long term......

I think you've been trading NFG quite some time, apparently waiting for the right time to go all in.

Maybe this was the thing to do. But, maybe we are at the right time now.

I didn't appreciate your FUD posting to enhance your trading positions. But, I see you now have always had the correct view on NFG.

I too, am in NO HURRY for them to even think about selling out.

In fact, the best strategy I think is to retain as close to 100% ownership of Queensway as possible.....NEVER sell out...STAY INDEPENDENT......selling out to Agnico would just BURY the massive growth ot the Queensway resource in the midst of Agnico's 10-11 mines. Thus, NFG shareholders would have NFGs QW project be buried and tge growth effect of QW being severely muted by being thrown in with all the other 10-11 mines Agnico already has......the Spectacular GAINS will only come staying INDEPENDENT !

I suppose for ongoing financing, they could allow Agnico to BUY IN for 10%.....at a significant premium to current prices....that would end the dilution worries of ongoing finances....IF NFG activates the toll milling arrangement with Maritime to get  cash flow positive ASAP.

The Short campaign allowed shareholders to accumulate shares, much more than many ever thought they would be able to own, at cheap prices....

Maybe yours was the best strategy. But, you could have missed out if the Short campaign hadn't been so aggressive and had this long term presence.
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