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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 Hideawayon Oct 28, 2024 3:16pm
209 Views
Post# 36285550

SP Decline

SP Decline

The one year chart shows an almost continuous decline from around $6 to today's SP,about a 50% decline. There was so much hype surrounding this discovery that I bought in around then.Is Management using this to line their own pockets at retail investors expense? Sold 70% of my position a few months ago because of lack of progress and no visible effort to support SP. 
At bare minimum a MRE should have been provided by now.
Some posters are continuing to pump the stock in spite of poor performance and lack of information from the Company.
Is ES content with management and current situation?
When will deep drill results be released? Too many unanswered questions.


 

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