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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

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Post by Malpeque2 on Dec 14, 2021 3:40pm

IKE

Novo was supposed to be all this comglomerate gold near surface.    Sprott and Kirkland Lake both had over 10% reporting positions.   

The stock has run from $8 down to $1 and change in the past year or two.    Both Sprott and Kirkland Lake dumped out of it at higher prices according to their last published reports on SEDAR.
www.sedar.com.    Once they both go below 10% you can't see their trading anymore.

A clear LOSER IMO.     QH was intimately involved with Novo and is now involved with NFG.

What was QH over the years?    CEO.   Director,  and   Head of Exploration at Novo Resources. 

In hindsight it looks like a pure PUMP and DUMP,  with Novo Resources  ending up with minor production on what they started with,  Beaton's Creek conglomerate gold.
Comment by likeike on Dec 14, 2021 5:22pm
Malpeque2 in case you do not know it this is the NFG board. Yes NVO owns 10% of  NFG. Your less than humble opinion about NVO should be taken there. You addressed none of the issues NFG previously mentioned so you just trash another stock? What are you thirtyteen? IKE
Comment by Malpeque2 on Dec 15, 2021 10:15am
We have a bunch of people pumping here including you that Sprott has gone big in NFG and he has all this so called "expertise" on staff.  I think his recent track record in Novo Resources and Wallbridge speaks for itself,   both companies where Ercic Sprott invested a lot of money and both companies where the stocks are down  A lot,  and the Geology has not ...more  
Comment by GGGsOldFriend on Dec 15, 2021 10:37am
I can't speak for anyone else, but I think the importance of Eric Sprott's involvement is primarily in the funding.  Exploration companies are often crippled by lack of funding.  Not so here.  NFG is moving forward at lightening speed (relatively speaking).  Investors don't have to worry about getting bogged down in a company that's moving at a snails pace ...more  
Comment by Lemmy1 on Dec 15, 2021 10:50am
I dont think there are many pumpers on this board, just excited shareholders. The excitement is justified based on drill results, great managment, current and future drilling operations, building new infrastructure..etc, ES having a large postion helps as well. ES KNOWS this is a very rich area and will be developed. How does he know? Because he has inside knowledge.
Comment by braindeadoldguy on Dec 15, 2021 11:09am
This post has been removed in accordance with Community Policy
Comment by likeike on Dec 15, 2021 12:49pm
RE:RE:IKE We have a bunch of people pumping here including you that Sprott has gone big in NFG and he has all this so called "expertise" on staff.  I think his recent track record in Novo Resources and Wallbridge speaks for itself,   both companies where Ercic Sprott invested a lot of money and both companies where the stocks are down  A lot,  and the ...more  
Comment by suregold on Dec 15, 2021 1:07pm
good post thanks
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