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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 > Why Not Major Roadshows to Raise Financing ?
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Post by nozzpack on Nov 14, 2024 11:15am

Why Not Major Roadshows to Raise Financing ?

Continueing the recent path of ATM style financing which grinds us into the shorters cauldron of lowest possible price , is not in our best interest.

In fact, it's outcomes have made clear that such choice ensures the worst outcomes.

Plus, such passive financing efforts do nothing to increase our trading liquidity .

Traditional financing has involved extensive road shows which not only is the best way to raise our investor profile, but brings with it choices of financing model along with Analyst coverage .

Such a move would flay the shorts above the knee, and bring us some free air , absent all of their pestilential repititive posts full of sound and fury signifying nothing.

Why isn't management considering this tried and true model to raise funds ?
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