Post by
Evenkeel123 on Jul 23, 2024 10:54am
Opinion regarding NFG and Eric from another board
So people do know and are aware of this company, and there are many different perceptions. Here is one of them.
A word to the wise. I have nothing but good thoughts towards Eric Sprott. I have listened to him on numerous occasions, and he is knowledgeable and shrewd. I also believe that he is an individual of high integrity. But folks would be wise to understand that Mr. Sprott is a very diversified speculator. It's clear to me that his strategy calls for making many prudent speculations and knowing that only some will go well. I infer that he believes (and has a track record in support of his belief) that the big winners will more than adequately offset the losers. An investor/speculator of more modest means, who selects a few companies because Mr. Sprott has taken positions in them, may find himself owning the ones that underperform. Take a look at NFG. How many people bought into the story because Mr. Sprott is there? Maybe someday, it will be a winner, but it has been, for a couple of years at least, a major "money pit" for those who followed Mr. Sprott into it.
Comment by
unclebobby on Jul 23, 2024 11:21am
Who are they from another board, you guys have also commented on this board so what's your point.
Comment by
Dixiedee on Jul 23, 2024 2:38pm
They are talking to themselves multiple accounts multiple boards they stoop to any level to get a negative spin on newfound gold
Comment by
Dixiedee on Jul 23, 2024 2:48pm
Eric has invested in many Jrs and his current positions the majority of them or in newfound land with many boarding newfound golds property or the Appleton fault but his single biggest lifetime investment is in newfound gold so if you are going to bet off of Eric Sprotts coat tails newfound gold would be one to consider