GREY:GRFJF - Post by User
Post by
SkyeCairnson Mar 05, 2009 4:02pm
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Post# 15823854
The New NGD
The New NGDOliphant always said WGI was to expand by buying companies operating in a specific geographic area (i.e. NAFTA ) Now we are in Peru, Brazil and Austrailia all Non NAFTA countries. READ soverign risk. Oliphant also maintained the advantage with WGI was its costs and revenues were all in one currency (ie USD). I really liked WGI as it was limited to one mine in one country and therefore mgmt could easily limit any operational risk. I supsect if WGI continued this year we could have seen prices easily be over $4 but more likely over $6. We could easily get 10X the cash flow and our cash flow could easily hit $0.40 per share. Now we are left with us being the cash cow to NGD.
Anybody care to say how they are going to vote? They need two-thirds.
Any NGD shareholders out there to tell us how the company went from a $10 share co. to $2. Are they any signs the company will turnaround?
Thanks and GLTA.