New Found Gold: “Eric Sprott Show Confidence in Exploits With $8M Upsized Private Placement”
Shareholders in Exploits Development Corp (CSE:NFLD, FSE:634-FF) were rewarded this week with an explosive move in the stock price following an announced $8 million financing.
Trading in the mid-$0.80s since Monday on the Canadian Stock Exchange, NFLD powered up Wednesday morning with an 18-cent gain, topping out at $1.02 a share.
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I’m up 300%+ in New Found Gold and I want to sell and take my profits (or at least get a free ride). But how can I sell now when Eric Sprott keeps buying more shares at these prices? What does he know that I don’t know? How high can it go?