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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 > Anyone else get their Management Circular?
View:
Post by likeike on Sep 06, 2021 1:50pm

Anyone else get their Management Circular?

I got mine on Thursday and read it thru.

Found it interesting this last couple of weeks with everyone so focused on the 4.* mill

shares that now put us up to 172 mill shares fully diluted that no talked about the options.

I was really surprised how many were not up to snuff on flow thru shares giving exeception

to Americans who do not see them down south.

In my reading had forgotten that of the around 15 mil of options we have outstanding

Collin Kettel has 7.5 mill if fully excercised for a 21 million cost.

Craig Roberts has 3 mill if fully excercised for a 4 million cost.

They are all excercisable until 2025 and from just these two dudes have 

an extra 25 mill added to the kitty. MEOW MEOWIE OWIE  IKE
Comment by cyberman on Sep 06, 2021 9:23pm
hey there likeike, nope didn't get anything myself but did read all about it online. here's the good part though, if they don't exercise those options sooner those 25 million shares will be pro-rated upon my eventual prediction of a 3:1 split....75 million shares LOL but if it gets to that then surely it'll be worth it, and if all goes acording to plan folks will get filthy rich.  ...more  
Comment by megacopper on Sep 06, 2021 10:36pm
  What are you smokin there cyberchild. Lol Why on earth would they split the stock. It's only at $9 a share and there is plenty of shares outstanding. And they don't need 20 drills when the labs can't even keep up with 9 drills. Lol. They have got enough drills at Queensway North but they could use 3 or 4 drills on the Queensway South once they have some solid targets ...more  
Comment by cyberman on Sep 06, 2021 10:52pm
hi mega, LOL you missed the part "eventually".  at $90 share :)
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