Bullboard - Stock Discussion Forum Newfoundland Discovery Corp C.NEWD

Alternate Symbol(s): NEWDF

Metals & Mining Gold

Newfoundland Discovery Corp. is a Canadian junior exploration company. The Company’s projects include Bursey and Grub Property, Dickison Lithium Property, Newlands Property, Northbound Property, Robinson’s Salt Property, Rodgers Cove Property, Southern Star Property, Southwest Pond Property, Sugaree Property, Unity Group Property, Urban Thunder Property, Valentine Mountain Property and... see more

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Newfoundland Discovery Corp > Sold GTG - Explanation

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Post by Smokerama on Apr 25, 2020 4:03pm

Sold GTG - Explanation

Sold GTG at a small gain. If WM sold some adjacent land rights to GTG, does that not tell us that it will not be acquiring GTG and that it is of the view that the GTG's land package is not that promising?

What am I missing here?

Also, GTG does not appear to have much other than land rights and a need to raise cash to drill. So dilution is on the horizon.

I am much more comfortable with my holdings in WM and BAR.

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Comment by GoldenEra on Apr 26, 2020 5:17pm

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Comment by kazzman on May 02, 2020 3:41pm

WM did not sell any land to GTG. GTG bought land from stakers/prospectors that staked the land before WM had the big hits and was a .20 stock doing nothing. Wm clearly states in their news that they are trending northwest and feel the source of the gold is the Jeremy Pluton. GTG is right on the pluton. The new land to the south GTG just got is close to this new BAR hit GTG will ...more

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Newfoundland Discovery Corp