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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 unclebobby on May 23, 2024 10:16pm

E.S.

E.S. must be underwater  with this his biggest investment,  not giving him anything for his biggest investment.  Does anyone have any idea what his average cost  his impatience  must be wearing thin.
Comment by Dixiedee on May 24, 2024 6:50am
Eric got in from the beginning very cheap has bought flow through shares which give you tax advances  has been in on the charity shares has bought unchanged higher than the current price and continues to buy he is playing the long game and has not used debt to buy his shares so he can be patient and if you haven't used debt to buy like most of the longs here you can be patient to 
Comment by unclebobby on May 24, 2024 7:59am
Being patient  is not why you invest. Dead money  is what it is you call it patience. 300mil. Is not what one would call cheap. It's his biggest investment every you call cheap. Imo
Comment by Evenkeel123 on May 24, 2024 8:07am
Patience belong in hospitals and doctor's offices, eh?   I believe a much larger game is going on behind the scenes, and it won't involve any common shareholders who will be lieft hanging in the wind, again.  The common shareholders like our real estate mogul here will be singing a different tune down the road. If you study some of the history of these people that hang ...more  
Comment by unclebobby on May 24, 2024 8:38am
EK  that may be true, it's been happening to jr.miners too many times it's like a Jr. mo although I do think E S is on the up up . Imo
Comment by Retiredgeo on May 24, 2024 9:16am
Being patient is not why you speculate.  Investing is about returns over many years (you can call it dead money as you see fit).  Eric knows that he is on to something very good which will pay off handsomly in the end.  I agree.
Comment by Dixiedee on May 24, 2024 7:09pm
By patience I mean let the company drill to depth so they can confirm what they think they have and then make a plan to move forward .once This drill program is completed I would be disappointed if they didn't articulate a plan to move forward .
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