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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 CliffBoothe on Nov 10, 2022 9:25am

Oh oh

Fluffy wont be too happy with his cash position after payables as per statements this morning.

And those are end of Sept numbers to boot. I dont recall cash coming in on the Archer thing either. More like going out.

Hello financing at $. 20 or below.

Its a good thing he cant read a financial statement .


Cliff
Comment by CliffBoothe on Nov 10, 2022 9:31am
Ok, I will retract that. From what I just read I think they get 10$m cash out of the deal and the rest is shares.  They also have rolling GST receivables. They will still need to finance in a few months though. Betcha Eric wont particpiate. Cliff
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