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Post by likeike on May 3, 2024 15:53:32 GMT
Comment by voiseybayexperton May 03, 2024 7:46am
30 Views Post# 36021158
RE:I was wondering
What kind of moron would lkeep telling everyone they shouldn't invest without a mre, when it's only early in the game, sounds like you either know nothing about mining or just being a trumper.
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Post by likeike on May 3, 2024 15:54:07 GMT
Comment by voiseybayexperton May 03, 2024 7:48am
RE:RE:I was wondering
You have been shooting off you mouth, being disrespectful, try saying soming we never already heard.
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Post by likeike on May 7, 2024 14:53:06 GMT
@rogers.com To be quite candid this market is rigged. The relentless naked short selling in many junior miners and explorers including New Found Gold is extremely obvious. The Uptick Rule should be enacted. The fundamentals are clearly in place for New Found Gold. Without a doubt $3000/oz. Gold is definitely in play this year with an on going major debt crisis. By then expect one of the biggest bull markets in precious metals which will be mind blowing to most investors. The squeeze is on for New Found Gold. Fasten your seatbelts for an epic launch higher anytime this year! 10 6 May 2024, 18:28
@gldret25 I do not believe naked short selling of NFG is the problem with its inability to move beyond a trading range. I strongly believe it is the result of the ATM. Regarding the short volume in its history, ATM's are commonly arranged with forward sales agreements. That allows selling from the ATM into the market without having to chase after processing certificates. The certificates get delivered at a future point - - hence "short".
If I recall correctly, NFG must disclose shares issued through, and proceeds received by, the ATM. That will tell a lot about the price and this range.
Regardless, there will come a point of retailer investor fatigue where future shareholders will decide to chase it than to buy it and wait for the if/when it ever gets to, or beyond the $8-$11 targets from the sell-side analysts. Now before some posters here start hysterically screaming at me that it is worth more than $8-$11, go scream at the sell-side analysts because those are their numbers.
It is only a matter of time before either they release something material (tomorrow is the big Tuesday, right?), post another dilutive financing like last year, or continue to trickle ATM shares until August...and the big question there is whether they extend the ATM.
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Post by likeike on May 8, 2024 13:50:59 GMT
@rogers.com At the moment all the miners and explorers including New Found Gold are ignored by investors. Even news releases won’t move the needle until Gold and Silver sentiment changes. Let’s face it, there are no capital inflows either. The market feels frozen in time. And so we wait until the tide changes. Patience will win out here at the end as more Black Swan Events will likely heat up the Precious Metals Sector as we move forward.
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Post by likeike on May 10, 2024 17:38:56 GMT
Comment by DanWarrenon May 10, 2024 1:06pm 7 Views Post# 36033909 RE:RE:The big picture I agree wholeheartedly with Nozz on getting into production ASAP. The caveat is that I'm not a miner nor expert in mine development, and possibly I'm missing some finer points about not being cautious enough....but, my gut feel is that getting into production is key for getting NFG into production. And, Quenten Henigh, who has been an integral insider to NFG until last year, and who is a renowned geologist in the gold exploration and mining industry fully believes that getting into production ASAP is a key strategy for NFG to implement. Here is an interview with Quenten recently : (You may need to download the Podbean app to listen to this...I had saved this interview , but couldn't here it until I downloaded PODBEAN) _________ Quenten Hennigh Interviewed by Podcaster on NFG.... ...and LAB purchase, getting into production ASAP, and Lion Metal Resources LIO. kereport.podbean.com/e/stock-talk-lion-one-metals-new-found-gold-aftermath-silver-abrasilver-resource/ He Is adamant.that the best thing NFG can do is to get into.production ASAP, and use the cash flow for further exploration and development. He reiterates that Queensway will be being mined for 20-30 years. _________ I do NOT believe that Now or Anytime soon is advantageous to entertain buy out offers. How much money would it take to get into production on North Queensway, using the Maritime mill? The idea is to get into production as quickly and as cheaply as possible. Not having to build your own mill is an obvious advantage.....building NFGs own mill on site can come later, down the road, using cash flow from ongoing production generated from mining NQW and using Maritimes facilities. This seems to me to be an obvious plan, and, of course the MOU NFG did with Maritime less than a year ago to use their mill underscores that this may well be NFGs plan....POSSIBLE plan. The deal with Maritime has also been prominently displayed in NFGs timeline of accomplishments. If I'm missing something, let me know. I bought Maritime shares right after NFG announcedcthe MOU ( Memorandum of understanding). The mutual advantage of this MOU to both companies seems obvious to me. I would prefer that NFG stay independent, and at most, only allow some Big Gold company to come in as a very junior partner, say 10-20%. The BIG gains in NFG stock will take years because it will take years to find out how much gold is on the QW property. NFG is in the Catbird seat. Gold is almost surely headed into a major uptrend. Time is on NFGs Side. NFG should simply continue to develop and explore QW , WHILE they get into significant production to generate all the cash flow needed to develop and continue to explore QW. Possibly, the cash flow wouldn't cover ALL ongoing development and exploration expenses, but, cash flow would allow NFG to BORROW needed additional funds, quite likely, I would think. And, how about buying up more prospects in Newfoundland, like they just did with LAB. Don't SELL OUT to BIG GOLD ........BECOME BIG Gold ! Selling out to BIG Gold at anytime in the near future is foolish....it would only result in a sale for peanuts, a huge mistake viewing how prolific a gold deposit QW may well be. Getting into production I do think is the main, maybe the only way, to get NFGs share price into a sustained and major uptrend. |
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Post by likeike on May 10, 2024 17:41:44 GMT
Comment by nozzpackon May 10, 2024 1:07pm
9 Views Post# 36033915
RE:RE:RE:The big picture
You just acquire Maritime which is fully permitted for all aspects of mining, including its HD open pit mine, currentky undergoing an upgrade to its Nov 22 FS study which was based on the Nuggett Pond mill rather than the double capacity Pine Cove mill.
That gets NFG 100,000 ounces per year.
In the meantime CDO Ron Hampton since 2022 has been working on both the QW MRE scheduled to be completed by August 2024 and associated early mining requirements for QW.
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Post by likeike on May 12, 2024 22:44:34 GMT
Comment by DanWarrenon May 11, 2024 7:37pm
91 Views Post# 36035515
RE:Good Investors vs Sh*tty Investors
Yes, BladeMaster. I don't see how one could time the ups and downs in NFG/NFGC, anyway. Good news can come out at any time.
As far as bad news, there really hasn't been any.
I think it was about a year and a half ago, NFG had an issue where they had to redo a number of assays. This came out of left field, and the stock dived. It must have been at the request of some regulator, but it made no sense. The posters on this board concluded that this issue was a nothing burger... but, still, the stock had sold off, and damage had been done.
NFG redid a bunch of assays, and as expected, there had been nothing wrong with the original assays. The analysis by members of this board had been correct. It was a nothing burger, and made no sense as to why assays had to be redone at additional expense and time.
I had suspected that this issue had been engineered by the Short position......my hunch was that Lil Shorty (the name I've given to the key orchestrator of the Short position) had gotten the ear of some regulator, and made some spurious complaint.......or possibly a bribe was involved....never-the-less, I suspected a devious trick being involved as the whole issue seemed very contrived.
This was the only event I can recall where a negative event occurred regarding NFG. And, the entire issue had been contrived, and was, in fact, without merit....a nothing burger.
The ups and downs of NFG are mostly due to ongoing necessary financing, manipulations by the Short position ( Lil Shorty), movements in the price of gold and its effect on gold stocks in general, as the key factors.
The progress by NFG has been a steady procedure of forging ahead with drilling results, which have been recognized as being the most outstanding of all the gold exploration companies in Canada.
But, the nature of all gold exploration companies diligently working to progress their projects is that it takes time to do the many steps of advancing their projects. Still, NFG has advanced at warp speed, compared to virtually all other exploration companies.
And, this is why you can't time the ups and downs of NFG stock. Progress at NFG is unrelenting. There has never been any set backs to NFG's progress. And the most negative thing you can say about NFG is that it, of coarse, needs to fund its ongoing development and advancement of its massive Queensway project. That is typical to all exploration companies.
The other key negative is the Short position, which appears to have its purpose in being to use various manipulations to keep the stock price of NFG tamped down.....the constant presence of what appears to be at least one professional basher with LEGIONS of alternate IDs on both of the message boards ( whom we call Bucco) seems to make it crystal clear that there is an ongoing effort to try to cap the upside of NFG.
The Short position may exist because they STILL believe that NFG is overvalued. But, that appears to increasingly have been proven wrong, given the progress NFG has made in proving up the high grade gold deposits at North Queensway, a small fraction of the entire massive Queensway project.
Another possibility is that the Short position has been created at the behest of some Big Gold company, to further its objective of buying out the Queensway project at the lowest price possible. Big Gold may have hired an agent ti manager a Short position for this purpose. Maybe this is far fetched, but there is logic to this possibility.
It also may be possible that the Short position is in the process of throwing in the towel, in light of the recent break out in the price of gold, and the unrelenting progress that NFG is making.
Ironically, this effort on the part of the Short position to use manipulations to tamp down the price of NFG, has made NFG stay at bargain level prices, in spite of the fact of all the tremendous advances NFG has made with their Queensway project, essentially derisking the future of NFG dramatically. Thus, many shareholders have increased their holdings of NFG over time, as they have followed their NFG investment, and conclude, as all of the NFG insiders have also stated at various times, that NFG' s Queensway project WILL be being mined decades into the future.
The BIG question is WHO will be mining Queensway?
NFG by itself, or with some degree of partnership with some Big Gold company? Or, will NFG eventually sell out to some Big Gold company in total?
There are many variations as to what the final destiny of the Queensway project will be regarding ownership structure, but it seems quite certain that Queensway will be mined, and that Queesway has a spectacular resource, one for the history books.
The big question to me is whether the retail shareholders will be able to participate in a pure play on Queensway long into the future, or will such a pure play in NFGs ownership of Queensway be diluted significantly by a full or partial buyout by BIG Gold.
Given the above outlook by shareholders, many believe that NFG is a solid, and safe long term hold.
Thus, trying to time the natural ups and downs of NFG which are part and parcel of owning stock in a developing junior gold stock, is simply not a doable strategy. NFG shareholders mostly realize that NFG is a very long term hold. Results may well be spectacular if NFG remains essentially independent over many years ahead, as NFG is simply in the Catbirds Seat, owning the massive, prolific Queensway project, at a time when the gold price appears to be in a major, long term, sustained uptrend, and the entire gold stock sector will likely be revalued upward dramatically. Meanwhile, the progress developing the Queensway project is relentless, and the results spectacular.
NFG is, indeed, in the Catbirds Seat with owing and developing Queensway!
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