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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
Post by goldbuyeron Mar 02, 2012 7:10pm
494 Views
Post# 19620832

NGD, Absolutely - No Worries, IMHO

NGD, Absolutely - No Worries, IMHO

IMHO, NGD and in relevance to the POG ? is in solid shape, and I would suggest that todays SP is indeed an opportunity to increase ones NGD position, as I will be, on Monday, at the bell.

 

I have been with NGD since an original position of 1.74 . Ups and downs but rock solid performance since.

 

Originally a junior with only a 14,000,000 dollar float, meant, they had some mighty big dreams with NGD Afton. Then those big dreams took hold and the reality set in, when the 2008 merger took place . This, as a result of that merger, produced an appointment of a new CEO, Mr. Robert Gallagher ( whom was CEO of Peak Gold in 2008 ) . Metallica was the other successful component of that - 2008 merger.

 

In reality, IMHO, NGD became the whom's who with their brand new board of directors, in place. That merger brought another 160 million into play and this junior soon went on to become an intermediate mining presence and NGD will have a lot of forward motion coming up . September is just 6 months away and Afton is well on track, to become a Kamloops mining presence, on it's border.

 

Because I have been with NGD since it's junior days, I can say confidently, that NGD has been a proven all star in my portfolio - and that's exactly why it will be staying there, for quite awhile yet . Ngd remains cash strong and outside Afton has many opportunities to grow exponentially .

 

The ups & downs that occur between now and the opening of NGD Afton, don't mean a hill of beans, other than it presents an opportunity to re-position while NGD is  " down " . Each to their own, respectfully .

 

In relation to the current POG, NGD continues " not to " dissappoint this Goldbuyer . No worries whatsoever on my end and IMHO . It's not an if ? and or maybe?  with this proven performer, it's an absolute fact, that there is plenty more great news, coming with NGD. It can be put to a measurement in time, somewhat, starting with the opening of Afton .

 

 

Just thought I would contribute, a thought or two .

 

 

Best Regards : GoldBuyer

 

 

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