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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 noleafcloveron Jan 12, 2012 11:47pm
271 Views
Post# 19399497

RE: RE: RE: something is up

RE: RE: RE: something is up

I don't know when their 2011 earnings will come out, but last year they released the results on March 3.  To me that seems awfully late.  So far this week, 3 other key companies that I follow released their 2011 earnings, nice and early.  I really hope NGD doesn't wait until Mar 3, not sure if I can handle the wait.  Osisko had a beautiful pop after their release.  

I think the next big pop for NGD will be the updated resource for Blackwater based on last falls drill results (due in the next month or so?).  I bought into NGD yesterday, took a big position at 11.01.  That $11 point seems like a psychological threshold for NGD.  Updated resource on Blackwater or early financials and we hit the next resistance level of $12 (after blowing through $11.25 resistance).   

If I had the patience of Goldman, I would ride this out to $30/share by 2015. 

 

Bullboard Posts