Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

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TSXV:NFG - Post Discussion

New Found Gold Corp > Selling now.

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Post by Gangsterme on Apr 14, 2023 3:11pm

Selling now.

A possible explanation for some of the selling, as of April 10th those flow thru charity shares can be sold on the market. They were only tradable between individuals up until then. It is possible and I believe likely that some of the shares donated to various charities are now being sold by those charities,
How many shares might this be????? How many were purchased by Sprott and maybe others is not known at this point.

I might be totally wrong with this, however it is definitely a possibility. They could have been purchased from the charities at probably 5.68 back in December but not from the market so the owners would not be known at this time.

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Comment by Maxmoe on Apr 14, 2023 4:47pm

what selling now? We must be in different parallel universes. Stock is up 40% in the last month.

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Comment by goldstd69 on Apr 15, 2023 2:27pm

the reason NFGC was up so much was because it was way oversold...this company continues to find gold and gold and gold...a partner will approach or a takeover imho in the next year or so

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New Found Gold Corp