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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 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.


TSX:NGD - Post by User

Bullboard Posts
Comment by METACOMETon Apr 04, 2011 4:13pm
549 Views
Post# 18383478

RE: RE: RE: ngd

RE: RE: RE: ngdchux02 is correct.
Acquiring companies invariably drop in concert with a rise in the acquired company.
Depending on the players, these are normally brief if the assets acquired are accretive to the acquirer and the management is competent.
I would expect  NGD to have weathered  this hit this week and, hopefully resume its bullish march by next Monday.
Bullboard Posts