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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 > Potential Suitor
View:
Post by jimmymac on Oct 01, 2024 4:28pm

Potential Suitor

One morning, before the year is out, we may awake to find that
a major, or intermediate gold producer, has accumulated 9.9 percent of the
issued capitalization.
They may have started the accumulation earlier this year, but, in the past
three months the combined exchange volumes have riisen sharply to average
about 700,000 shares daily.
Let's say that they could have picked up 300,000 daily. If so, they are very close
to the percentage metioned above.
This would bestow a completel;y different complexion on the future for NFG.
Comment by Paray99 on Oct 02, 2024 10:55am
Chances are there!
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