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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 > When a major thinks of acquiring a junior.....
View:
Post by Evenkeel123 on Aug 22, 2024 12:42pm

When a major thinks of acquiring a junior.....

They look at all aspects of the company,not just the drill results.  They know how the share strucuture is set up, they know what the founders paid for their seed stock, they know who the principals are and how much they own, and they also know exactly how much has been spend on exploration, and they guage the true results with their own methods. 

They also know exactly how much management has taken out of the company, and what lifestyles they have.  

So....for NFG, i am afraid there is no mercy in any category at all.  Buyers have time and flush bank accounts on their side, and sellers are running short on time when interest rates, inflation, and all expenses are a ticking time bomb going against them.  You can only spend everybody else's money for so long, and then along comes the piper.  We shall see how this ends.

Down again today?   Oh yeah, I forgot.  Most are down today.  But not all, eh?  You are the leader of the pack, cown nearly 5%.  Think about everything, folks.

EK
Comment by Dixiedee on Aug 22, 2024 4:48pm
All that matters to majors is how much gold in the ground and how much will it cost to get out and what the grades are and what is the political atmosphere in that jurisdiction  it doesn't matter what the original owners paid it's what the value today all your other nonsense you can shove it where the sun don't shine it doesn't matter to the buyers at all it may matter to the ...more  
Comment by Paray99 on Aug 23, 2024 9:13am
Don't get panic, there are some day swingers playing with this stock making big bucks. 20 cent spread is very good at this price!
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