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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 > SP Decline
View:
Post by Hideaway on Oct 28, 2024 3:16pm

SP Decline

The one year chart shows an almost continuous decline from around $6 to today's SP,about a 50% decline. There was so much hype surrounding this discovery that I bought in around then.Is Management using this to line their own pockets at retail investors expense? Sold 70% of my position a few months ago because of lack of progress and no visible effort to support SP. 
At bare minimum a MRE should have been provided by now.
Some posters are continuing to pump the stock in spite of poor performance and lack of information from the Company.
Is ES content with management and current situation?
When will deep drill results be released? Too many unanswered questions.
Comment by brennan on Oct 28, 2024 3:35pm
It's become a sad sack story. Now it's trading in half cents.
Comment by brennan on Oct 28, 2024 4:21pm
A lot of early pumpers such as likeike(?) and megacopper are long gone but boy did they ever pump.
Comment by Evenkeel123 on Oct 28, 2024 4:38pm
There's toms of pumpers still here, silent for the moment, but if this thing turns, they wiii ask if you bought the bottom, did you get in on the profits, yada yada, the typical chat board yapping, but nobody wants to own up and state how much they are down, how much they have lost, or how much it hurt others they talked into it, like likeike did, and still does over on another board. A ...more  
Comment by 1condor on Oct 28, 2024 5:05pm
Hideaway..I dont know why most on here werent looking at the chart...so ugly and all this during a gold bull market!! I posted several times this year about this and yet many continued to add on weakness...when in fact they should have been shorting. I will say it again for the 100th time...you want to be in a producer during a gold bull market not a spec stock like NFG. Enjoy.
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