Added to YB: 2024-09-20
Pitch date: 2024-09-19
NFGC [bearish]
New Found Gold Corp.
-12.89%
current return
Author Info
Iceberg Research identifies substantial earnings misrepresentation and accounting irregularities in financial statements issued by public companies. Sign up for the newsletter.
Company Info
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada.
Market Cap
CAD 701.1M
Pitch Price
CAD 2.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
-11.75
P/E
-13.08
EV/Sales
N/A
Sector
Metals and Mining
Category
N/A
New Found Gold Corp. (NYSE: $NFGC, TSX: $NFG): Lies, Misrepresentations, and a Professional Stock Promoter
NFGC short: Queensway gold project lacks continuity despite extensive drilling. No resource estimate after 563km drilled. High grades concentrated in small areas. Caught smearing results. Sampling issues raised doubts on grades. CEO has poor track record of promoting failing miners. Eric Sprott backing not guarantee of success. Cash running low, dilution likely.
Read full article (16 min)