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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 > shorts run this stock
View:
Post by Goldziggy on Jan 13, 2023 3:36pm

shorts run this stock

Being down 3% on a huge gold up day clearly shows the shorts are in control and the longs are sitting ducks. No support for this stock whatsoever. You would think with all the big names behind this that they would support the stock from the constant falling and shorting games being played
Comment by Dixiedee on Jan 13, 2023 5:56pm
Most of the jr gold stocks where down or flat today .The fact we can raise 50 mil so easily says something in this environment for the management team .Gold is leading producers are following that lead higher then the jr will play catch up .I believe once gold gets over the 1950.00 mark gold should then break out and go over 2000.00 once this happens everything gold will float to the top all boats ...more  
Comment by MineralQuest on Jan 13, 2023 8:27pm
Gold is over $1900/oz and NFG drops! No support so the shorts are probably in control. Pathetic for what should and could be a great company. 
Comment by Global1966 on Jan 13, 2023 11:29pm
I dunno. NFG keep saying they are going to drill drill drill for the foreseeable future. There is little pressure on anyone to buy given the great unknowns of the ounces in the ground Perhaps they should start dropping a few hints via third parties
Comment by Retiredgeo on Jan 14, 2023 6:59am
NFG is going up and down with the tide.  The producers are ticking up with the price of gold but the explorers are getting no love.  It is not just NFG. Eric hinted that NFG should complete the entire 500,000 metres befoire releasing any resource/reserve figures.  If they take his advice there will be not such release until 2024.
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