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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Confused
View:
Post by Little on Aug 04, 2021 8:58pm

Confused

Hi  I'm just a small invester long term invested in NFG   I have invested in over 2o juniors and I have done both good and bad . I just want to add what my view on NFG  the good points that's keeping me in long. It has a large claim 97 km. It hit bonazas on 7.8 km corridor Keats, lotto, and golden joint  and the gold is on the surface. That is like 3 mines in one sight. They still have a lot of land left to explore. They are just getting started. In a first world country, near airports, highways power. If these zones where 3 different companies the shares would be over 3 bucks each. If a company reported 10 gpt that would be great  results. These are in the 100's. And they ave alot more land to explore. This is huge. I don't get why people are selling I guess the selling will stop when all that are left is long holders. The last post posted about raising $100M IS common in all juniors . NFG has a $75 million float. I don't think they will need to raise more money any time soon. And the lawsuit is sour grapes, don't believe it will go far. It was there before the stock was at 1.44. Please correct me if I'm wrong. I think we should just hold our shares and If nobody sales for less it can only go up. Just my thoughts
Comment by Global1966 on Aug 04, 2021 9:17pm
A lot of bored traders selling to themselves, bringing the price down to a level where they will buy big
Comment by RYUcan on Aug 05, 2021 2:23am
Hi newly created account. You are long term invested in NFG however you are confused.?? But you state some classic points why it is a great play but do not get to the underlining potential. Define long term invested. 2 weeks?
Comment by Little on Aug 05, 2021 6:54am
Probably wrong title. I don't want to mislead any one that's why I wanted to make clear that I am new like others who read this board. I was in from the beginning. And bought more on the why up. It seems like there are a lot of negative posts which is stuff that we where aware of from the beginning. that's why I wanted to put a positive note on it. 
Comment by megacopper on Aug 05, 2021 9:10am
  Well I think you are wondering why people are selling when the drill results have been so positive. It is natural for gold juniors to drift lower with the lack of news. It is also a factor of seasonality to it with gold juniors naturally dipping in value in July and August while investors are on vacation. There is a saying of sell in May and go away. Lol So Investors sell for all sorts ...more  
Comment by JRafflesUK on Aug 05, 2021 10:30am
The reasons for the share price decline needs to be considered holistically, as it is unlikely that there is any single factor driving the SP down.   There are complex and intertwined relationships between ThreeD Capital and NFG, involved in the action brought by ThreeD against NFG:-   Denis Laviolette, is or was in the recent past, a Vice President of ThreeD capital (Linkedin ...more  
Comment by AlwaysLong683 on Aug 05, 2021 12:06pm
mega, I agree with your statement on lack of news. I believe junior gold exploration-stage company share prices tend to rise based on two main factors (all else being equal): 1) The frequency of assay results press releases. 2) Assay results that exceed investor expectations. I'm not sure about what the junior exploration gold sector has a history of doing during the summer months, but I ...more  
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