Next 15 Share Discussion Threads

[stu31] 29/11/2023 03:07

Have you seen how much money Eric Sprott has invested in this company, you are in very good company!

[lageraemia] 28/11/2023 13:54

Just bought my first tranche of New Found shares. Been following this for a while, and now its possible to own via Hargreaves-Lansdown in a ISA I jumped in.

The stars look like they are aligning over Newfoundland.

[johnrxx99] 28/11/2023 07:15

The update provides an average reprt with some continuing growth. In this market who knows what will happen so fingers crossed.

[stu31] 27/11/2023 19:08

New Found Completes Keats Trench Excavation and Phase 1 Mapping Program, Exposes High-Grade East-West Vein
November 17, 2023
Vancouver, BC, November 17, 2023 – New Found Gold Corp. (“New Found” or the “Company”;) (TSX-V: NFG, NYSE-A: NFGC) is pleased to provide an update on surface trenching at the Keats Zone at its Queensway Project. New Found’s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.

Trench Highlights:

Excavation of the Keats trench began in mid-August and is now complete, exposing a 200m long by 70m wide area roughly corresponding to the known surface expression of the high-grade segment of the Keats-Baseline Fault Zone, which includes a plethora of veins and vein sets that make up the Keats Zone (Figure 1).
One particularly notable vein called the East-West Vein (“E-W Vein”) has been uncovered over a 100m long surface expression including a 25m segment that is host to a significant amount of visible gold as shown in Figures 1 & 2. Through drilling, the E-W Vein has been intercepted over a strike length of 300m and down to a vertical depth of 150m, forming an important constituent of the Keats-Baseline Fault Zone. This particularly well-mineralized vein is associated with several key previously disclosed intercepts, shown below in Table 1.

Figure 1: Keats trench plan view map with location of strong visible gold mineralization in the E-W Vein
Prior to the Keats trench, the Keats Zone had only been observed through drill core and modelled in 3D, forming the basis of the Company’s geological model. A high-level first pass mapping program has been completed, broadly confirming the original interpretation but with added structural details not previously recognized in drill-core. This initial phase of work has enhanced the Company’s understanding of the Keats Zone and the controls on high-grade mineralization as seen in the E-W Vein as one example.
A phase II program of detailed trench mapping and sampling will commence in the spring of 2024, which will lend further validation to the geological model, as well as provide critical insights into the genesis of the Keats Zone and assist in future targeting along the Appleton Fault Zone.
The Keats Zone starts 3m below surface at bedrock and has been drill-defined over 1.1km of strike and to a depth of 400m. The shallow portion of Keats demonstrates robust grades over significant thicknesses, a hallmark characteristic of the zone.
Greg Matheson, COO of New Found, stated: “Now that the trench is fully excavated, we can see the vein network of this portion of the Keats-Baseline Fault exposed in its entirety. The E-W Vein was one of the last areas to be revealed and provides one of the best demonstrations of gold deposition at Keats. This exposure of the E-W Vein is notable; the consistency and amount of visible gold mineralization found throughout this 25m long segment provides good validation of our model and explains the encouraging results encountered along the vein at depth (Table 1). This vein is well mineralized across its 300m strike length yet forms just a small portion of the overall Keats Main Zone. For reasons we don’t yet understand, the 25m long segment of the E-W Vein highlighted today is particularly enriched and with additional study work, we aim to garner additional insights into why – knowledge that will sharpen our ability for continued successful targeting at Queensway.”

[stu31] 27/11/2023 19:04

187m shares in issue. 199m FD. Market Cap C$935m (£550m) at 500c (11/23)
Palisades Gold 30% Sprott 20% Institutional and Retail 50%
Cash $54m (4/24)

website:

New Found Gold is advancing its 100% owned 1,662km2 Queensway gold project, located on the Trans-Canada highway 15km west of Gander, Newfoundland. A 500,000m drill campaign is underway. Drilling is focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault.

Drilling Highlights
HIGH-GRADEINTERVAL ZONE DATE RELEASED
1 105 g/t Au over 27.05m Iceberg Jun 5, 2023
2 49.7 g/t Au over 29.90m Iceberg Mar 13, 2023
3 42.6 g/t Au over 32.00m Keats West Nov 28, 2022
4 69.2 g/t Au over 14.15m Golden Joint March 24, 2022
5 430 g/t Au over 5.25m Golden Joint Jun 30, 2021
6 150 g/t Au over 11.50m Lotto Main Jun 23, 2021
7 106 g/t Au over 35.40m Keats Main May 21, 2021
8 124 g/t Au over 17.70m Keats Main May 4, 2021
9 261 g/t Au over 7.20m Keats Main Apr 20, 2021
10 69.2 g/t Au over 14.90m Keats Main Apr 7, 2021
11 86.2 g/t Au over 20.50m Keats Main Jan 28, 2020

[dimotane] 15/11/2023 12:18

Buybacks seem to be doing the business and now the market is rising as well.Perfick!

[wad collector] 31/10/2023 20:43

You were wrong! Hold and hope...

IC covered NFG this week suggesting that it will be successful in the long run and the buy-back scheme suggests that management think the shares are undervalued.

[21ant] 02/10/2023 19:26

How bloody annoying! Just can't break 650 and now looks more likely to break below 590. Hope I'm wrong

[lennonsalive] 02/10/2023 15:54

Market give and take away

[wad collector] 29/9/2023 20:01

Does look like the nadir may have passed now.
Onwards and very slowly upwards?

[ggrantsu] 26/9/2023 14:19

I mean it depends how you view inspiring definition....

Versus the wider sector e.g. S4...they were inspiring. In an absolute storm of an environment look what they have achieved.

Difficult sector to hold here...but generally think this group at 6 quid and being brave now could be a life changing investment over the long-term.

[its the oxman] 26/9/2023 10:54

Not an inspiring set of results but given wider macro environment perfectly acceptable. Buy back , increased dividend and longer term ambitions help ease the poor shorter term outlook. Seems a decent buy for the economic recovery which has to happen at some point.

[greenhat2] 26/9/2023 07:49

Increased div Buy back announced (start date tbc) Litigation confirmed as not threatening Dip in profit due to profits from one segment being written into this year whilst revenues booked last year Looking good

[rolo7] 26/9/2023 07:37

Seems ok 30million share buyback

[johnrxx99] 26/9/2023 07:20

Could get a good kicking as not very positive.

[ggrantsu] 25/9/2023 16:40

lets hope that was insider trading and someone in the know which shot the price up towards the end of the day in advance of tomorrow!!

[greenhat2] 22/9/2023 14:46

SAA breaking out the Market knows it's transitioning NFG already diversified - hope Mr Market cops on

[greenhat2] 18/9/2023 19:20

We will find out next Tuesday I guess

[greenhat2] 18/9/2023 19:20

Surely if the the hinted at buy back is confirmed, it will calm the market in that: 1. Revenues and profits are, in fact, robust 2. They have cash to do it 3. They return cash to holders (on top of divs)4. The cash they have on books is there's and not set aside for contingent payments related to acquisitions 5. May indicate a slow down of the expand by acquisition model which can be risky

[greenhat2] 18/9/2023 19:19

Dropped off the back of SFOR read across today The other cos in the sector, yes, they have been struggling, and continue to struggle NFG have not been struggling 6 July t/s was inline expecting further growth"Trading for the five months ended 30 June 2023 was resilient, despite a very tough comparator period. The Group has seen organic growth in Customer Insight, Customer Delivery and Business Transformation with Customer Engagement showing a modest decline, in part due to some client spend delays. Spending across the Group's technology customer base has remained robust, albeit with spend shifted between certain segments as clients look for data-driven services to help drive sales. Despite the wider macro uncertainties, we expect our full-year profits and earnings per share to be in line with management expectations and to report another year of solid growth. Revenues are currently expected to be between 5-8% ahead of the prior year. Despite inflationary pressures, full-year operating margins are expected to increase compared with last year, reflecting a significant improvement in trading from the Engine acquisition and tight cost control across the Group."

[21ant] 18/9/2023 18:57

Can't get over 650

[greenhat2] 23/8/2023 19:43

NFG seems to be filling the gap. The thing is since May the NFG share price has acted as though it's had a profit warning It hasn't It hasn't even mentioned it's experiencing challenges to revenue It says it's expecting revenue to grow And this indicates that they are listening to the major shareholders who've probably asked them to tone down their acquisitions They failed in their T/O of SAA and this was probably a turning ping in their attitude to acquisitions They learned to walk away They've also plotted out increasing divs They've hinted at potential share buy backs So they are indicating that they are confident that they have the free cash flow to do this And by doing this they are reassuring the market that the cash they have is actually theirs and not earmarked for contingent payment set aside to previous acquisitions

[greenhat2] 22/8/2023 09:49

455k traded at 570p 0935 Big sells are no longer denying the spWhen the seller clears it will get interesting I'be scaled in to a nice position

[greenhat2] 21/8/2023 16:15

More big trades this afternoon Someone is loading up ahead of H1 results due c26 September

[greenhat2] 21/8/2023 09:46

I've noticed big buys over recent sessions... 210k @ 560p today That's 1.176m quid Someone must see value