Bullboard - Stock Discussion Forum 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... see more

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TSXV:NFG - Post Discussion

New Found Gold Corp > Why isn't NFG joining the party today?

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Post by goldanalyst on Dec 17, 2020 12:04pm

Why isn't NFG joining the party today?

I was quite impressed with their last drill results and their results overall. Surprised to see it down on such a glorious day for gold stocks!!

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Comment by megacopper on Dec 17, 2020 12:47pm

I was impressed with the last set of drill results as well. But the stock did make a run up from around $3.60 to above $4.50 so I am not surprised to see it pull back to the $4 - $4.20 range. Sounds like we might not get anymore results until early January so investors aren't rushing to buy. LAB and SIC both announced results today so that is where all the action is for now.

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Comment by porc2019 on Dec 17, 2020 12:51pm

LAB results were bad thats why its and NFG stock is down. Market is questioning "district size" thesis.

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Comment by megacopper on Dec 17, 2020 1:23pm

I think LAB is being unfairly punished based on the results they released today. None of the early RAB drilling was on the new discovery of the main vein. I think anyone selling that one will regret it once the diamond drilling starts at the new discovery area. And as far as the market questioning district size I think investors should take notice of Sokoman's early success ...more

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