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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 > How Can Any CEO Watch This Disaster for Shareholders,,
View:
Post by nozzpack on Oct 25, 2024 4:41pm

How Can Any CEO Watch This Disaster for Shareholders,,

.......for over 2 years and do nothing when obvious strategic intervention could have altered this steep slope into the cauldron of persistent equity dilution resulting in monotonic decline in the share price that shows no indication of its remit.

Lets see the reasons why,.

1..collision and kickbacks with / from the ATM Agencies and the major shorting houses...this was suggested elsewhere , so I include it ...but  a bit difficult to accept .

2..Total incompetence having never managed with success any other Junior gold

3..Just a lifestyle management team whose objectives of Float, Bloat and Hope outrank any fiducial considerations of shareholder financial  distress or eventual outcomes 

4..They just don't have the goods

But letting the shorts have EOD rights for several years , in effect in total control of the End Of Day closing price, when solutions such as early production decisions are obvious to any novice high school student, smacks of total indifference to their shareholder concerns.

Just my opinion..

GLTA
Comment by 1condor on Oct 26, 2024 3:28pm
nozzpack...I could suggest you short the stock (a very winning strategy with this stock over the past year or so..I do get to pat myself on the back for that one)...however the meat on the carcass is getting a little thinner each day as the stock continues to grind lower. Other suggestion is to take your lumps and move on to a producer (such at TXG...still lots of runway on that one and I consider ...more  
Comment by Patient1nvestor on Oct 27, 2024 6:49pm
Why haven't you brought your legitimate concerns to Colin Ketell? He gets paid by us, the shareholders. 
Comment by unclebobby on Oct 27, 2024 7:28pm
He's  just like Trudeau 
Comment by 1condor on Oct 28, 2024 9:51am
Maybe the CEO is shorting his own company? Just kiddin' of course...but he should be. Enjoy.
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