New Found Gold Corp V.NFG

Financing???

[Keepdigging]

So where is the mention of a 300 million financing??? I could see a major wanting to buy in, I could see financing after MRE and share appreciation, but a financing at these prices i doubt very much.

[Evenkeel123]

Yes, New Found Gold Corp. (NFGC) has a $300 million at-the-market offering facility:  At-the-market offering: NFGC filed a shelf prospectus to issue up to $300 million in securities.  Bought deal financing: In November 2023, NFGC closed a $56 million

[MadInvest]

Sep 30/24 cash $39 mill.  Company did not spend $30 mill last 2 months.  Financing can take many forms not all of them dilutive.  Let's revisit this thought in January...

[Dixiedee]

If the money spent adds more value than y he money raised would it really be dilution or value added 

[shiftyone]

DD, Comment by Dixiedeeon Dec 10, 2024 4:22pm 37 Views  Post# 36355372 RE:RE:RE:Financing??? If the money spent adds more value than y he money raised would it really be dilution or value added " ----------- Your question interested me. The IPO  of 21 million shares on April 14, 2020 at about a buck thirty a share raised

[suregold2]

Cash balance at Nov 30 was $28 million with burn rate in November of $7 million due to increased activity. So, at end of January we can expect balance of in vicinity of $14 million! That isextremely low for a project of this size!. All further financing is dilutive. it is just a matter of how dilutive!

[unclebobby]

Nfg's ace in the hole is ES , ES makes sure he gets the better deal. 

[Dixiedee]

If the MRE comes back with 20 million ounces we won't have to worry  the company said they have enough funds to complete the MRE and PEA so maybe the burn rate is a little less going forward 

[shiftyone]

Not being difficult... Your rhetorical question was what if it comes back with 20 million ounces.  I don't know the answer.  What if it comes back with 3 million ounces over many miles?