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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 > Exploration stage
View:
Post by AUSTIN48 on Jul 19, 2022 1:45am

Exploration stage

I am not a smarty pants but what i do know is regardless of market conditions you must release a steady flow of drill results to keep investors interested.
This has not been the case as of late with NFG.
We rode out months of blackouts due to drill core inconsitency.
Now another 6 weeks of dead quiet.
The lustre has worn off and investors have moved on.
Low daily volume and a continuous decline in the share price.

I am now officially underwater and give management a big fail in keeping the interest alive.
Really ashame.
I now understand why Quinton sold when he did.
Comment by AlwaysLong683 on Jul 19, 2022 6:44am
To add insult to injury, the last assay result PR (June 8) reported a total of one core (NFGC-22-552) in the new "Tuesday" zone. So, NFG is asking us to believe they only drilled one hole in this zone and/or only received one core result back from the lab, and that's the core to which they dedicated an entire press release....? Anybody buying this.....? In my view, NFG seems to be ...more  
Comment by Retiredgeo on Jul 19, 2022 7:33am
Two shareholders own 60% of the corporation.  One of them will bankrole exploration and development.  They will never have to go to the investor community hat in hand.  Do you honestly believe management cares what we retailers think!!  If you don't like the way they are running their corporation you can sell and go BUB-BYE.  Likewise, if you don't like the current ...more  
Comment by Dixiedee on Jul 19, 2022 8:23am
Sentiment on the board is turning negative towards the stock I take this as a good sign that we are at the bottom we are right on the next support level again this time I think it has a chance to hold and move higher from here  the stars are lining up even if it is at a slow pace  1/ the dollar is showing signs of rolling over  2/at the tail end of the weak period for gold 3/appears ...more  
Comment by AlwaysLong683 on Jul 19, 2022 4:18pm
NFG is a publicly-traded company. As such, they need to work in the best interest of all shareholders, not just two entities that own the majority of shares. They also don't have an unlimited amount of cash to spend on expenses, so they will eventually have to raise money. If the share price at the time of the equity raise is low, it will be due to those 40% of shareholders who are trading the ...more  
Comment by Dixiedee on Jul 19, 2022 4:50pm
I don't think they legally can hold back results and must report to all shareholders at the same time any news that effects the company the company and board of directors have an obligation to treat all shareholders equal.iam sure Eric Sprott would rather have the stock at 10.00 right now rather than the Five and change it is at .The lower the stock the more shares they need to sell if and ...more  
Comment by Retiredgeo on Jul 19, 2022 5:18pm
Are there any pertinent results being withheld?  - we do not know. As a rule, management has enormous discretion over what the shareholders learn and when.  As long as all shareholders are treated equally they can more or less do what they want.  The big mining companies release drill hole results once every blue moon and report on their activities once a year. A lot of little ...more  
Comment by tootall123 on Jul 19, 2022 5:56pm
Does NFG have any gold or is it all BS????? GOLD IS KING...
Comment by Dixiedee on Jul 19, 2022 9:51pm
what do you think if you looked at any of the press releases or drill results you know they do   
Comment by braindeadoldguy on Jul 19, 2022 6:15pm
This post has been removed in accordance with Community Policy
Comment by AlwaysLong683 on Jul 20, 2022 5:36am
Big mining companies are producing and selling gold. Investors in these companies are concerned first and foremost with number of ounces produced, revenues, profit margins, earnings per share, cash flow, D/E ratio, interest coverage, current and quick ratios, cash flow, ROE, and other standard metrics presented in quarterly financial statements, quarterly MD&As, and Annual Reports. Assay ...more  
Comment by Flyby1969 on Jul 19, 2022 9:06pm
This post has been removed in accordance with Community Policy
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