New Found Gold Corp V.NFG

Investment Bankers

[likeike]

Have now taken over Collin Kettel is now CEO and our Harvard educated accountant is

now an active board member.

Looks to me like we could be selling out a lot sooner......on the cheap. IKE

[megacopper]

      Yes ike all of this is indicating a buyout is coming soon. This is usually what happens just before an offer comes along. I'm guessing within 6 months New Found Gold could be sold to the highest bidder. Perhaps as early as this fall somewhere between $15 and $20 a share. Either Barrick, Newmont or Agnico Eagle perhaps. Place your bets because something big is

[Retiredgeo]

I'm thinking that it will be another all share transaction and that the new owner will keep the current team and contractors in place.  My money is on AEM.

[suregold1]

I agree with you 100%. Sprott will want to duplicate his success with Fosterville, capturing most of his gains on price appreciation of the acquired shares once this goes into production. AEM will have to only issue about 35 to 40 million shares to acquire here at approx $20 per share. Their total outstanding will then be in vicinity of 500 million share, a perfect launch pad for Sprott and

[megacopper]

    Best post I've read in a long time. You make some very valid points. That is the most likely scenario with NFG. Yes we all have pipe dreams of buyouts in the stratosphere but I just don't see it anytime soon and there are limits on what a major gold company will pay for an undeveloped property, even a great one like Queensway. This property has to be producing to

[GGGsOldFriend]

I think this is realistic, if we're looking at a sale soon.  It won't make me paricularly happy if this is the route we take, but I'll make money and move on.  Under these circumstances, it's pretty likely I'd buy and hold the acquring company, especially if its shares take a hit on the acquisition news.  

[JRafflesUK]

Eric and Collin will make the deal for NFG in the $15 to $20 range in my opinion. And it looks like it could happen sooner rather than later.    I agree that a NFG SP in that range may be affordable by, say AEM, for a buyout.   However, I do not envisage ES parting with an entire 80km district play based on the 12km or so of gold drilling results.   Therefore, I believe the NFG

[suregold1]

great post!

[suregold1]

Mega, agree with you also one more thing to consider is that we have no idea what the future may bring. Another assay mess, a collapse in gold prices (yes, it could happen). My point is the world is a mess right now and no one knows what horror story is waiting around the corner from now. Flyder and I have known each other for quite some time and both of us can tell you that despite something

[megacopper]

    Yes I agree with everything you have said. Nobody can predict future commodity prices or anything else for that matter with this crazy world we live in today. Nothing worse than an illiquid stock. I too have been burned in the past on what I thought was a slam dunk. I would love to see AEM buyout NFG in the $15 to $20 range (of course I would take more) in an all share deal

[Flyder]

Or at least ES and CK will make the right decision for themselves, which we will ride the coattails of.  lol

[JRafflesUK]

Eric Sprott has invested about C$150m in NFG between last June and this year (including the buyout of novo's 15m shares) and cash purchases ~ C$13. I would be extremely if he would accept C$15-C$20 for his risk investment. Indeed, when he gave a lecture about the rationale for his investment in the Fosterville mine, he made references to the "opportunities" that are often presented

[suregold1]

He holds 51 million shares and at $20 per share, that is a cool billion. His average cost is way lest than $9 as he picked up much of his holdings in early PP's. Also, most likely he will seek a deal like Fosterville where he is able to both defer tax and participate in the development of the project and the mining profits as he did with Fosterville. Look for an all share deal with a properly

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[likeike]

You got it Bdog....ES has also said this is his best investment yet. Do you not think he believes there really is 10 to 15 Fostervilles? He has voted with his money and do not think he is just holding out for the paltry  billion dollars he got out Fosterville when all was said and done. He was the first to say this is another Abitibi belt yet time and time again the detractors will tell

[TheGreekGoldGuy]

Ike,   Megacooper may have lost the Force. He said "There is nothing easy about proving up a world class high grade gold system like we are seeing in Newfoundland"  In reality, NFG is making it look extremely easy, with their 38 press releases exposing mostly Super Bonanza grade gold in 18 months. During the next 18 month's NFG will be starting out with 11 drills, with 3

[likeike]

stink ggg how did u know I am watching the baseball game with Vlad the Impaler? The big boys are here not in the cornfields but in the muck and trees and it may be  so ugly near the Big Dave but so worth it. In these unchartered waters I hope they  find some of Big Dave's little sisters. May they be loaded like Dave and I ain't  talking bar talk but butter. IKE

[AlwaysLong683]

1) Some in here have said words to the effect that, if another junior explorer hit a hole like _______, their price would soar, but when NFG hits it, the price doesn't move, so the investment community is asleep at the wheel or under-appreciating NFG's ongoing results. Well, that's because that other junior would probably have a market cap many times smaller than NFG and thus

[Kewl002]

Also getting to the point in time where decisions are made based on legacy........ How many $B's can you spend when you are 75 - versus the opportunity to prove that you have the greatest mining instincts in the country. And if it drags along a few thousand investors into the $M's than it will be a story for generations to come. Yes - money is important but earning respect for building

[likeike]

Also getting to the point in time where decisions are made based on legacy........ How many $B's can you spend when you are 75 - versus the opportunity to prove that you have the greatest mining instincts in the country. And if it drags along a few thousand investors into the $M's than it will be a story for generations to come. Yes - money is important but earning respect for building

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[likeike]

You got it Bdog I actually think we are not only garnering a lot of attention we are  greatly expanding and will shortly reach critical mass to explode us into a new  trading range. I think it will happen even without drill results, Chrysos new imminent, Gold Exploit noise, etc Confirmation will be made when we are trading above 200K per day regularly. IKE

[rgvgolf]

well said like. Megas $10 estimate will be blown away. probably 15 by june and 20 to 25 by nov

[Bangor]

</br in i hope they don't undersell like gbr did i held gbr and nfg gbr according to taylor had 10 mil oz's just on the lp fault zone.a lot of shareholders where not happy .selling out at 1.8 billion seemed cheap i hope it doesn't set a precedent for nfg our market cap is already at 1.5 billion .any opinions?>

[Bangor]

I hope nfg doesn't undersell like gbr did according to Taylor ceo the LP fault zone contained 10 mil ozs and he sold gbr for 1.8 billion.I hope this doesn't set a valuation precedent for nfg . I'm long on nfg as I hold both off them til the buyout. Just my opinion I don't think sprout has any intention of selling this is his legacy.

[suregold1]

You should go back and watch the video linked a few posts back. Sprott makes no bones about his intention nordoes CK! They wil both sell once they find someone (major) who recognizes what he does. There is no intent here by either to develop a mine or provide a legacy. Sprott is a cold hearted investor who will exit with the profit he considers adequate. Palisades is an investment bank. Study

[Flyby1969]

This post has been removed in accordance with Community Policy

[likeike]

So many issues you bring up at once suregold1 but let me try to address at least this one. I doubt they will give it away, but once again I will point out that MAJORS WILL NOT OVERSPEND EVER AGAIN FOR A PROPERTY! Most of them almost went bankrupt in the 2010-2011 madness! You can only sell for what the market is willing to pay. Talk of 10 or 20 baggers from here is an exercise in futility. Ain

[Global1966]

They could split Queensway North and South, announce a PEA for Keats by the end of 2022 and watch who stumps up for Queensway North. Within Queensway North they could even split the Appleton from the JPB fault and still find keen buyers.

[likeike]

We would get to decide if we wanted to sell out at that time or hold AEM and ride the gold bull for a few more years. Nobody can predict the future. Anyways, regardless of what we think our NFG future lies in the hands of Eric Sprott and Collin Kettell. The old bull and the young bull will make the right decision for all NFG shareholders.  Mega Mega Mega gold bull...old bull ....young bull..

[megacopper]

  Yes that is who I would go with as well. Agnico Eagle know the worth of this thing. After some considerable thought I'm going with a takeout number of $15 to $20 on the low side for NFG and $25 to $30 on the high side. But hey of course I'll take more if somebody is willing to pay it. 

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[AUSTIN48]

I beleive it is too early for a true evaluation but for fun i would not sell for anything less than 30 bucks a share. Surely we are worth as much if not more than GBR at 28 bucks.

[suregold1]

NFG has almost 3 times the shares O/S as GBR. $30 would make that a $5.4 billion takeover for a non producing Junior! Very unlikely!

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[megacopper]

    Yes. $30 would be the absolute upper limit in my opinion based on what I know of it today for this undeveloped property. But the Appleton Fault does have a record of giving and giving more and more high grade gold on the Queensway North property. And we don't yet have all the facts. Perhaps NFG has already hit another big zone. Who knows for sure but with 11 drills turning

[likeike]

Mega you are such a Debbie Downer. Not 6 months ago you were yaking 30 and now after all this you are still at $30. I realize that gold is where you find it but man we have found so much more  and the price stays the same? You are starting to sound like a scurvey dog... I..May have to tell you to go suck on a lemon. Don't your spidy senses go off when bashers think that you are

[megacopper]

    Oh NFG's Queensway valuation will get to $30 and beyond eventually. It just takes time and a lot of drilling and hard work by everyone involved. There is nothing easy about proving up a world class high grade gold system like we are seeing in Newfoundland. It is a rare and extremely high grade gold discovery and very valuable but will NFG get to discover its true value or

[likeike]

 I'm trying to stay a little more grounded this time around.  What the hell now Mega ....you looking to be hit by lightning? Do they make good moonshine in Newfoundland? IKE

[likeike]

Et tu Brute...............stink Bdog the Ides of March has past now you want to sell cheap too? You are a Brute and I don't mean the aftershave. I cannot grasp why you and MegaGroot agree that this is a once in a lifetime find unequaled on this planet that will not be duplicated yet you both want to sell it for peanuts. Mega really surprises me selling his homeland for cheap. Good thing

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[likeike]

We talking more than just gold-plated peanuts peanut. IKE

[Kewl002]

BDOG - perhaps the question to be asked/debated is "what price will satisfy Eric Sprott?" OR is he looking at the legacy vs the money and wants to cap his outstanding career by owning the largest gold company in Canada? Either way -- what we think or want is irrelevant as we are going for the ride no matter where it leads to!

[gdt5]

There are a few major share holders.  Is it way to cost prohibitive for the key players here to form a consortium to do the equivalent of taking this monster private?  In essence there is an offer to buy out us retail holders?  More what I expect in my view albeit naive on my part.

[likeike]

gdt5 I for one want this company to develop a mine on their own and feel they have the  expertise on the board to do so. We will have a buyout offer in my books this summer but we may very well not even be aware of it. The offer may get scoffed at by ES and KC the only 2 players that matter.Eric is not going to sell cheap and feel a few suitors may very well be sent packing with their

[likeike]

Kewl002 you got it. ES made over a billion on Fosterville all said and done. How many Fostervilles do we have on the Appleton alone? If he has 31% and as Bdog and Mega allude to no more than 5 bill. for it. He is going to sell out for 1.5 billion? (his share) He has said that NFG is his best investment of all time so apparently  that means only 1.5 times what he got out of Fosterville?

[wajac]

Ike, he likes Larry David and Seinfeld.  Geez, that has to count for something!

[likeike]

Yeah but he cheers for the 76ers so still dreaming of Dr.J and Barkley That puts his count into negative something. IKE

[smilejollyroger]

Agree. Kettell wants to be in the drivers seat for the sale and he has hand picked his copilot, a seasoned banker, to facilitate inking a deal.  The GBR analogy: Aggressively drill to the point of nearing a maiden resource. Cleverly market "the story" to drive value. Shop the project. Cash out. Rinse and repeat.  My 2c: $1.5B isn't cheap for a company generating zero