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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

Consumer Cyclical Metals & Mining Home Furnishings & Fixtures Gold
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

New Gold Inc
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(82)
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Post by Aurum1983on Feb 01, 2017 3:11pm
235 Views
Post# 25785106

so...what's it gunna be?

so...what's it gunna be?
bail or double down? $200 mil is a lot of money....and still there may be further delays. NGD will be in a cash crunch fast and the long term $800 mil debt ain't going nowhere so it's not going to be able to get a loan....that means MASSIVE dilution is inevitable...

We lost the gamble...it's simple as that. So...what's it gunna be folks? do I bail and take a loss? or double down (gambling again but this time just to break even)?
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Dealroom for high-potential pre-IPO opportunities