New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Gold Explorers Must Face the hard facts

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Comment by nozzpackon Nov 12, 2024 10:29am

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Post# 36308204

RE:Gold Explorers Must Face the hard facts

Massive wash trading continues to contain and repress the share price.
The MMs are totally weaponized .

I don't foresee anything changing as long as this equity financed exploration model is exited .

With tax loss selling, and former equity issuances now free trading, the outlook remains very challenging.

We need aggressive interventionist management willing to take the necessary decisions that forestall
yet another lower price financing..

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Thesis Gold makes high-grade discovery at Ring Zone