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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 > NFG: Sprott creates activity.
View:
Post by Royal10 on Nov 24, 2021 3:00pm

NFG: Sprott creates activity.

Closing of $48m priv. pl. by Sprott is viewed as a good news.  Strong BIDS are in place and we can hope that a bottom has been reached today!
Comment by mjh9413 on Nov 24, 2021 3:23pm
I imagine this is simply a tax reduction scheme for Sprott, hence the significant premium. The CES can be used over two years and that presents a sizeable chunk of deductions for him plus he might get additional tax incentives from Prov and Feds. Using the price as any kind of valuation metric one might have seen non-FT shares priced about $8 to $8.30 based on other companies' pp's but I ...more  
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