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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 > Now Let's See
View:
Post by jimmymac on Dec 07, 2023 6:16pm

Now Let's See

Recent pattern of issues that are performing as I might  expect under current circumstances:

NovaGold in the last month $5.47 up .50
Snowline  $4.90 UP .60
Hercules  $1.29 up .19
West Red Lake .76 up.16
Artemus $6.35 UP ,85

New Found Gold down about a dollar, and we know the most likely reason is the way
minor shareholdesr were besmirched by management in their decisions a year ago, and again
more recently to float charity flow through shares just when there was some momentum
building. each time.

The shares are not improving pricewise,because of the inevitable consolidation commensurate
with this method of financing.
Selling because of this, as well as tax loss selling, leads me to feel the shares will turn around
about December 20th.

The best performance by juniors is the period mid-Decomber to late April.

jimmymac
Comment by Global1966 on Dec 07, 2023 6:25pm
Can you post the market cap of each of the above and money in the bank?
Comment by Spikearoo1 on Dec 08, 2023 9:00am
Many juniors are issuing FT Shares to finance exploration as it allows them to get a higher issue price on their shares and more funds into their coffers for the purpose of finding more metals.  I would rather see that then less funds coming in assuming that the company is actually on to something with their project.   I don't see how a FT share would negatively impact ...more  
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