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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.


TSX:NGD - Post by User

Comment by Born2Struggle2on Dec 17, 2020 12:14pm
397 Views
Post# 32128702

RE:NGD could hit a new 52 week high today...

RE:NGD could hit a new 52 week high today...ALSO...

Tax loss selling ends on 29 Dec and as we have passed into the $3 range, investors shouldn't be hammering on NGD as over the last few years most investors are looking at gains - imo.

The hedge is about to disappear and profits will be fully exposed to the rising price of gold which is now in a season of seasonal strength. 

TA of the price of gold is indicating a rise to $2600 per oz in the next couple of months.

TA of the stock price itself is forecasting $3.40 before the next break - sometime in Feb.

both fundamentals and TA are aligning IMO. A double from here?

best u don't listen to me, do your own due diligence and ..

GLTA of us B2S2


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