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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 Oct 16, 2024 12:21pm
112 Views
Post# 36268347

RE:RE:RE:RE:RE:RE:RE:NSR Buy Out

RE:RE:RE:RE:RE:RE:RE:NSR Buy OutYou are simply a basher, and a part of the daily machinations that the Short Position uses to hold the share price of NFG down.

Many commentators have stated that NFG sto k is aggressively manipulated by the Short position. It's not debatable at this point.

I can only think of three reasons why the Short position is here.

One is that they are confident in their belief that they can continue to successfully hold the price down and COVER their short position at their discretion. They would believe that gold exploration firms have a long runway / time frame in developing into a producing mine, thus they have time to cover, possibly during future capital raises.

The second possibility is that the Short position receives fee income to keep the share price capped and under pressure by some Big Gold outfit for buy in / buy out purposes.

I think number one is most plausible, but number two is possible.   

It also may be possible that they s8mply don't believe that  NFG actually has a a very good gold deposit, and has too high a market cap, coupled with their belief that they have significant ability to control the stock price, allowing them to still get out of the Short position with profit if NFG proves them wrong with increasingly good evidence of a great deposit, just on NQW.

I think One plus elements of Three is most likely. 

We are aware of the niche investment strategy in Canada of Shorting resource exploration stocks, and the theory of the LaSonde Curve, which keeps the share price of resource exploration firms under wraps..

Erich Sprott is having an investigation as to who the Short position is and shedding light on the manipulation. 
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