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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 GoldenOrbon Dec 19, 2024 9:33am
186 Views
Post# 36370041

RE:RE:RE:RE:This is getting complicated

RE:RE:RE:RE:This is getting complicatedRegarding naked shorting, CK replied in an email to me:
"
Thank you for your email and rest assured that as the founder of the company and largest shareholder, with ten years invested, I have one incentive and one incentive only, which is for a higher share price over time. The short report that came out certainly had a negative impact, but the short that the author had put on the Company was closed some time ago. There has never been and there continues to be no significant short position against New Found Gold that we are aware of. There is a lot of price discovery that is going on and that is against the backdrop of a very depressed junior gold market (despite high gold prices). This will shift. Meanwhile, we are working towards advancing the asset as rapidly as possible. We can not control the share price along the way as well as we might hope. "
Regarding recent AGM outcomes CK said this:
"
As the AGM takes place tomorrow, we would expect a release tomorrow or Wednesday going over the results of the meeting. It appears at this time that all resolutions are passing. 
Regarding your point on laying out our future plans, it is a very good one, and we will be making this very clear over the weeks ahead. Thank you"
To me ES stepped in & hand picked the new directors, fast tracking monetization which an otherwise til yesterday, totally lacked organization & focus

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