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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 > Market action
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Post by Retiredgeo on Aug 06, 2021 10:19am

Market action

Gold is down $40 because US July emplyment numbers were ~9% better than expected - WHATEVER!

Everything is thinly traded this time of the year.  Sanity should return in September.

NFG is giving speculators/fast money a tough time but from an investor stand point absolutely nothing has changed.  Eventually the assay labs will get their acts together and up it will go.
Comment by Flyder on Aug 06, 2021 11:18am
Speaking of assay labs, has anyone ever called them to ask them what the hold-up is?  I mean, how many drills are turning in Nfld right now, how much core is heading to their lab, and how many companies have reported assay results in the last month?  Very, very, very few.  Surely they can release results at a faster pace than this.  Or can they?  They were churning results ...more  
Comment by JRafflesUK on Aug 06, 2021 12:23pm
Surely they can release results at a faster pace than this.  Or can they?  They were churning results out far better in the past.  Did something change?     Yes something did change – the Three Capital litigation against NFG is seemingly moving towards a conclusion and it may not help NFG or its Executive Chairman to release sparkling new drill results at this ...more  
Comment by Flyder on Aug 06, 2021 12:45pm
There are many other companies besides NFG drilling right now, yet lab results are practically at a standstill.  All we ever hear is 'there is a backlog'.  Certainly, that's understandable, but it seems there should be far more results from all the companies drilling in Nfld right now than what we are seeing.  Like, weekly results, not this huge drought compared to how ...more  
Comment by erieshore on Aug 06, 2021 12:54pm
I hope this doesn't apply to NFG, but I would expect that (besides the lab delays) the explorers would tend to delay assay results reporting until some of the holes to be reported had great results. Erie 
Comment by rummager on Aug 06, 2021 1:00pm
If there's a 5-week backlog, we should be getting drill results from 5... 6 weeks ago. % weeks hence, we would get today's results. That's what backlog means to me.