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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 jailtraderon Mar 03, 2014 10:14am
306 Views
Post# 22272380

RE:What's with NGD?

RE:What's with NGD?
There are many who are short this stock, and given todays political environment it can make for sleepless nights. If you follow the chart you'll see there was a concerted effort to bring the price back down when it started to blow way past 7 dollars at the open. It is a scary time to be short anything gold related right now, and the big banks all seem to have taken long positions while they were encouraging everyone else to go short.
Bullboard Posts