New Found Gold Corp V.NFG

Dan Warren

[BuccneerIslnd]

Does the crossdresser get paid by the word to pump?

What a bunch of drivel.

DanWarren To Goldchad: My understanding of the ATM authorization to sell newly created shares directly into the Canadian and US market is that the timing of the sale of ANY portion of shares is entirely at the discretion of NFG. They have plenty of cash now, so, they have zero need to sell into the market at these prices (don't forget the Short position is likely using all their tricks to push the shares down) - but, gold stocks are under pressure, too, given the general markets new impression that the FED is still going to be raising rates, which is considered to be detrimental to gold until such time as the general perception changes, and the market realizes that gold beats ALL fiat currencies hands down, and I think this is the historical record, that gold does begin to rise in the face of recession/ deep recession, political chaos, and particularly as fiat currencies begin the long process of collapsing......NFG has been shooting itself in the foot by not releasing assay results. My best guess is that they are waiting to get results on each core from both fire assays at the traditional labs, and the new Chrysos assay procedure. Last winter they had a problem with discrepencies in the same core from different traditional assay labs, and this has been the issue dogging them. I'm guessing that they want to make sure of the veracity/ reliability of assay results , so as not to get egg on their face......but, that is my guess, though it seems reasonable......the worst situation a gold exploration company can get itself into is to be within arms length of running out of cash, and finding themselves with no new source of funding. So, it's better to be prepared well in advance.....This ATM funding proceedure ( at the market) gives NFG massive flexibility to raise cash when NFG decides is the most opportune time, so it seems very smart of NFG......all signs at NFG is that they are going full steam ahead on all fronts you can think of....new very large core shack facilities and office in Gander, nice living facilities for crew ( with cook), huge seismic surveys contracted for, more drill rigs and crews than any exploration firm in Canada, etc......so, all signs point to NFG expecting big things, making big plans. So, it would seem that NFG will resolve the assay release issue, and the promise of using Chrysos is the fast turn around, but, it may be some time before NFG ONLY uses Chrysos. But, I'm thinking that internally they can use Chrysos results to direct ongoing drilling with confidence. But, they will probably wait for fire assays to confirm Chrysos assays before making news releases.....Meanwhile, the SHORT position is taking full advantage of the delay in assay results to sew fear, doubt, and uncertainty (FUD) to ( probably) cover their short position at these prices. They probably have the notion that NFG could turn on a dime upon releasing more assay results, which could turn into a sustained big uptrend if NFG can begin to issue new results on a regular basis. The SHORTS have 1,200,000 shares to cover, and last summer it took them close to two months to take their short position down to 50,000 from around 550,000. Thus, we see the BASHFEST, particularly on the Stockhouse board. .....the same lonely basher troll is surely behind a number of the IDs here. On the stockhouse board, he creates a new ID daily, as the stockhouse participants put his newly created IDs on ignore, daily.......So the authorization for the ATM capital raise is both a good and a necessary thing.......Months ago I envisioned NFG to be in a race with the bear market conditions forming for the general market. What force would be greater?...... bear market conditions for the general market, and also the extremely depressed gold stock sector ( which may have already fallen the bulk of the distance it will fall). We may be retesting the lows now, but gold stocks are probably among the cheapest valuations they have seen in decades, while the general market is still in nose bleed valuation territory. So, gold stocks may be getting set up to rally. And, they are a natural as an alternative investment to counter inflation, so, it seems entirely reasonable that gold stocks may move into a counter trend to the general market at some point, possibly quite soon......The assay issue that NFG ran into last winter ( though it turned out to be a tempest in a teapot, a nothing burger) really throttled NFGs ability to win the race against the general bear narket, and gold stock downtrend, because they were not able to release ongoing good assay results in a consistent manner. Look at SGD.CA stock (Snowline Gold, in the Yukon), they have a huge sustained rally based on good results......so, the race against the bear CAN be won, it just takes good results being released......of course, GOOD results are needed, but, NFG has had plenty of them, and it seems unlikely that such good results would suddenly just stop, when the gold ore hits have been open in ALL directions, and these deposits can go very deep, well over a kilometer.......that's my take, and it seems reasonable, but, I have no verification of this take of mine. .....One last thing, it was always my expectation the NFG would have to issue more shares, and I modeled one scenarion where the share count ( now 180 million fully diluted) would reach to around 220 million, to finance more drilling AND to begin mining on North Queensway. Once they start mining, even on a fairly modest scale, they could become self financing.......my model assumed the underlying value of the Queensway project to be worth around $110 per share on a discounted cash flow model, assuming Queesway eventually mines 15 million ounces, gold gradually climbs to $3000, and mining operations continue thru 2037.....I think this might be a somewhat conservative scenario.




Bucco

[toller1]

Dan, your optimism is over the top. Your numbers would put NFG at 24 billion! you looking out to 2037 is the stupidest prediction I have ever heard of in my life. Even your cheer leader section are cringing at this latest rant. And for fu-k sakes give it a rest on the shorts keeping the share price down. I want this thing to do well but be realistic! I think you start your day off with a hit of

[BuccneerIslnd]

It would be valued at a lot more than that because they need to issues shares to build it. Bucco

[DanWarren]

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