Yesterday we discussed how Nevada King Gold (TSXV: NKG) or VKMTF on the U.S. OTC has been co-founded by a dream team of Collin Kettell and Paul Matysek, with Collin becoming CEO and Paul becoming Executive Chairman.
Collin Kettell is also the CEO and 26% owner of Palisades Goldcorp the #1 most active investor in the junior resource sector. Every month, Palisades Goldcorp has been investing into the private placements of 15 new resource companies. So far, it has acquired minority stakes in 100 junior resource companies that are worth a combined $150 million... but Palisades only owns large control stakes in TWO junior resource companies: New Found Gold (TSXV: NFG) and Nevada King Gold (TSXV: NKG).
Palisades Goldcorp owns 46,566,425 shares in New Found Gold (TSXV: NFG) for a 31% stake in the company. NFG went public on August 11th in an IPO priced at $1.30 per share and today it hit a new all-time high of $9 per share for a gain of 592.3% in nine months! Palisades Goldcorp's NFG shares at today's high had a value of $419 million or 2.79X more than their 100 minority stake investments combined!
Palisades Goldcorp's brand new control stake company to go public is Nevada King Gold (TSXV: NKG). Palisades owns 88,725,602 shares of NKG for a 38% stake in the company! At yesterday's closing price of $0.64 per share their NKG shares were worth $56.78 million. With Palisades Goldcorp itself planning to go public in the near future their #1 best way to achieve the highest possible valuation will be to increase shareholder value of NKG as much as possible... exactly like they did to NFG.
If you click here you can read about how they started NKG as a private company back in 2015 at the exact same time that they started NFG! Imagine what will happen when investors who made a fortune on NFG in recent months... learn about how NKG is now public!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from NKG of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.