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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 Gangsterme on Jun 30, 2023 10:43am

Sellers

Is it possible that small shareholders are finally waking up to the facts re NFG and no longer selling at these low prices? 

if so shorts will be in trouble. If the few sellers are actually short sellers, at these prices,  then they will soon have higher prices when they need to cover their sales.

You might be okay being short over the summer but watch out come the fall. Hard to not believe that once the seismic results are published there will be dramatic upward movement. Maybe even some major players wanting in.

Comment by Retiredgeo on Jun 30, 2023 11:10am
Knowlegable market watchers are expecting this bottom of the mining cycle to break at any time.  When it does NFG will be one of many languishing mining and exploration stocks to rapidly appreciate.  When that will be and what the catalyst will be no one knows. I saw the same happen to the oil and gas sector in December of 2020.  Athabasca oil bottomed out at $0.12.  Two years ...more  
Comment by DanWarren on Jun 30, 2023 1:17pm
Lil Shorty is in trouble.....he simply has NOT covered his Short position with any sense of urgency....and worse, he's actually increased his Short position on the Venture (not sure about the AMEX yet....waiting for report), probably due to trying to stop rally action....He's made a HUGE mistake by not covering LAST summer. Bucco has no effect, though I think he tries to post on CEO a bit ...more  
Comment by AlwaysLong683 on Jun 30, 2023 9:21pm
Need to see NFG break out from the pack and hold its gains before deciding on the likelihood the market is recognizing the company in particular. Today was an up day for other Canadian Junior Gold Exploration companies for no company-specific reason as far as I can tell: LAB up 14%, AMX up 10%, SIC up 5.3% after extremely disappointing assay results (though that's a low bar since SIC is now ...more  
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