New Found Gold Corp V.NFG

The Fundamentals Matter...

[BladeMaster]

Many of us are under-water on NFG, but if we've done our homework, and we believe in the longer-term potential, and we are willing to wait for the "re'rate", there really isn't much to worry about 

"When Stocks are attractive, you BUY them. Sure, THEY CAN GO LOWER. I've bought stocks at $12 that went to $2, but then they later went to $30.

You just don't know when you can find the bottom"

Peter Lynch, Fidelity Funds

[nozzpack]

The fact of the matter here is that after 4 years drilling with over 500,000 meters of cores, there are still no definitive fundamentals such as even a single resource estimate for one of their discrete discoveries . Marathon did it pit by pit. Here, even more drilling is now planned whose stated objectives still do not include indicative  resource  estimation. So, another year of

[TheGreekGoldGuy]

Hopefully, Nozzpack will no longer be daunting this board with his constantly changing rhetoric. He could very well be the king of impatience. BTW, NFG has not been drilling Queensway for 4 years. Check your facts and then move on.  GGG here, New Found Gold is a great long term hold, just look at what they have accomplished in a little over 3 years. NFG Drill Results - Highlights  

[Dixiedee]

Nozzpack I wish  you luck but your comparison to marathon is out of touch with realityI was  an investor in marathon gold from the very beginning and they took 20 years to get where they are now and that's a tiny project I got out and back in and made money both  times .The only comparison is they are in the same province in Canada .What newfound gold has accomplished to date

[Retiredgeo]

Is this the end of Nozzpack?  I don't know where he got his bent that management is corrupt and spending money on themselves but I can do without it.   The lack of reserve/resource estimates fits Denis Laviolette's philosophy that they are share price killers and any major buyer is just going to do their own.  I don't agree with that philosophy but it's not my

[TheGreekGoldGuy]

Nozzpack makes the same argument as E.K. about NFG being a lifestyle company etc.,  with corrupt management. They both bring up Martahon Gold in their posting. Nozzpack also loves MAE, do you think that he might own quite a few shares of MAE? GGG 

[Evenkeel123]

I don't recall ever calling management corrupt.  You play with words.  People speak dishonestly.. A lifestyle company does not infer corruption.   You better look it up. EK

[eldreco]

Hmmm, EK - while you are correct that the term "lifestyle company" does not necessarily infer corruption, the posters who use this term to promote whatever their personal agendas are certainly implying corruption!  And if this little libellous loophole is being so adroitly mined by others (virtually 100%, in my experience), how are you any different?

[Evenkeel123]

Those who use it are often caught in circumstances that are valid, but that is not the case here.  This board pays themselves so well it's over the top for an explo company, wouldn't you say?  Take a look at what they pay themselves, and Collin, what he gets from 2 companies combined is simply over the top when shareholders are hurting.  They always say there is nothing they

[Dixiedee]

This post has been removed in accordance with Community Policy

[Dixiedee]

His quick conclusions in both directions and wild speculation on what the company needed to do at times was over the top .with his ever changing commitment to his investment strategy he was hard to take serious .No comment on EK 

[Retiredgeo]

Eventually, this will be one of the most profitable gold mines in Canada and it has everything going for it.  Once the KMZ is open pitted everyone will see just how profitable this ore will be.  In the mean time we are still in the preamble to mining.

[BladeMaster]

I would also say that 80% of my decision to go more heavily into this stock is Eric Sprott and his $260M investment NFG Management is stuffed with former Kirkland Execs, and let's not forget that Eric has been steadily adding to his position since 2021 Think about it, why would a BILLIONAIRE risk 20% of his net worth on some Sh*tty junior? It makes NO sense IMO it's the size of

[Dixiedee]

Totally agree the size of his investment and the continued ongoing purchase of more shares by Eric Sprott speaks volumes between himself his #company and his estate planing for his family he owns directly and indirectly about 34% of the whole company 

[BladeMaster]

I know based on Collin K's testimony that Eric has at least 30%, is there new data suggesting his total position is near 34%? How did you get this number?  Excellent if true!

[Dixiedee]

Before he did his estate planning he had 33.1% of the outstanding shares after his estate planing he was @19%. And then increased up to 20% so approx 34% I did ask if he sold any shares I was  told that he just restructured the shares in an estate plan for his family he did not sell any