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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 christoon May 29, 2014 1:17pm
448 Views
Post# 22610925

Short Position...so what

Short Position...so what
All Gold mining shares have investors on the short side...but in NGD's case the short position is almost half what it was at end of Oct....that is the shorts are being covered...and New Gold is holding up relatively well despite gold price...I think the possibility of a short squeeze (when the shorts have to cover) is more likely than any crash...all IMO...also they have relatively low all-in costs and hope to be producing 1,000,000 oz. by end of 2017...this one looks like a take-over candidate...All IMHO and GLTA.
Bullboard Posts