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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 > Short form shelf prospectus up to USD 300 million
View:
Post by cybercanuck on Sep 03, 2024 5:30pm

Short form shelf prospectus up to USD 300 million

SEDAR  AUg 1st 


USD 300 million 

Seems a bit over the top doesn't it?

Do they actually have a plan or is this just a bunch of drunken sailors on shore leave?
Comment by Evenkeel123 on Sep 03, 2024 5:38pm
lol, yes Sir.  It's called a lifestyle company where you get paid no matter what.  It takes a lot of work to druve a stock down this much, you know.     There is no concern for shareholders at all.  It's always and foremost about the money. EK
Comment by Dixiedee on Sep 03, 2024 5:48pm
Not if they are preparing for a buy in from someone .and just because they are going to have those shares in the treasury doesn't mean they will offer them necessarily to the general public it could be a buy in coming possibly 
Comment by Dixiedee on Sep 03, 2024 5:59pm
They maybe using some of these shares to go shopping for more claims that border their property  I belive some of these will be used for that purpose 
Comment by bull_runz on Sep 05, 2024 3:07pm
They can aquire surrounding properties at a discount right now. lol
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