New Found Gold Corp V.NFG

Estimated Impairment Losses of NFG Shareholders

[nozzpack]

I use Pali holdings of NFG shares and impairment losses for 2021 to Sept 31 2024.

Total equity impairment losses during the period amounted to $188  million cad.

PALI owned 48 million NFG shares during this period which computes to an average equity loss per share of about $3.80 per share .

There were further impairment losses in Q4 when the NFG share price hit all time lows giving  latitude to elevate PALI NFG equity losses to about $200 million cad since 2021.

Rounded off, an equity loss of about $4 per NFG share .

The average number of NFG shares during this period was roughly 165 million.

That is, CK et al management decisions during this period resulted in the destruction of  about $650 million in shareholder equity value of NFG.

Based on the current NFG price, an average equity loss of $4 per share implies an average shareholder cost base of about $6.75 per share during this period .

That would also be the Breakeven price for historical shareholders who remained long.

I don't know how this equates to your historical cost base but feedback might infer confidence to this
indirect estimate .

AIMHO

GKTA

[Dixiedee]

Is it really bad decisions on CK part or just the cycle of the jr exploration stock over thinking things while entertaining could be destructive in ones over all perceptions of where we are and where we are going . my take is we discovered a deposit stock went ballistic we started to prove up resource with drilling programs stock went sideways to down because people are generally impatient we