New Found Gold Corp V.NFG

Eric Sprott buying more NFG

[megacopper]

Looks like Eric Sprott was busy buying even more NFG. I wonder why Hmmm

Filings by transaction date 

• Apr 12, 2021 (filed on Apr 17, 2021)

  Insider Name:

  2176423 Ontario Ltd.

  Ownership Type:

  Direct Ownership

  Securities:

  Common Shares

  Nature of Transaction:

  10 - Acquisition or disposition in the public market

  # or value acquired/disposed of:

  842,900

  Price:

  $5.02
• Apr 12, 2021 (filed on Apr 17, 2021)

  Insider Name:

  Sprott, Eric S.

  Ownership Type:

  Indirect Ownership

  Securities:

  Common Shares

  Nature of Transaction:

  10 - Acquisition or disposition in the public market

  # or value acquired/disposed of:

  842,900

  Price:

  $5.02
• Apr 08, 2021 (filed on Apr 13, 2021)

  Insider Name:

  2176423 Ontario Ltd.

  Ownership Type:

  Direct Ownership

  Securities:

  Common Shares

  Nature of Transaction:

  11 - Acquisition or disposition carried out privately

  # or value acquired/disposed of:

  957,000

  Price:

  $3.84
• Apr 08, 2021 (filed on Apr 13, 2021)

  Insider Name:

  Sprott, Eric S.

  Ownership Type:

  Indirect Ownership

  Securities:

  Common Shares

  Nature of Transaction:

  11 - Acquisition or disposition carried out privately

  # or value acquired/disposed of:

  957,000

  Price:

  $3.84
• Apr 08, 2021 (filed on Apr 13, 2021)

  Insider Name:

  Sprott, Eric S.

  Ownership Type:

  Direct Ownership

  Securities:

  Common Shares

  Nature of Transaction:

  16 - Acquisition or disposition under a prospectus exemption

  # or value acquired/disposed of:

  1,900,000

  Price:

  $5.25

[porc2019]

So Sprott bought recently on top of and after the private PP he financed?

[megacopper]

  Looks to me that the block on April 8th at $5.02 might have been on the open market but the other blocks were accounted for in the news release. He obviously likes NFG.    New Found Gold Corp Symbol NFG Shares Issued 148,684,523 Close 2021-04-08

[megacopper]

  Sorry the April 12th block of 842,900 shares at $5.02 looks like it might have been extra outside of the other blocks mentioned in the news release.    Filings by transaction date  Apr 12, 2021 (filed on Apr 17, 2021) Insider Name: 2176423 Ontario Ltd

[GoldGravy]

Collin Kettel confirmed that last purchase by Sprott was on the open market https://twitter.com/CollinKettell/status/1383803987242061826?s=19

[megacopper]

Yep Colin Kettell has indeed confirmed that one block of 842,900 shares was bought on the open market at an average cost of $5.02 on top of his $15 million he invested at $5.25 so that is the ultimate stamp of approval for this property in my opinion. Eric Sprott obviously loves this property.  Collin Kettell  

[likeike]

Who was the seller? He often moves things into different accounts. IKE

[CopperKing101]

That's a good question, Ike...The tip off though is the wording "avarage price" which I would then believe it was an accumulation of say a weeks worth of buys. Dosn't really matter. Whats important is that he now controls about 18% of the company....nearly 27 million shares of the 150 or so outstanding. See the SEDI chart below.....all the way to the right is total holdings....