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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 Dragonflyinveston Aug 18, 2018 3:35pm
183 Views
Post# 28482548

RE:RE:RE:RE:RE:RE:RE:Delist Coming

RE:RE:RE:RE:RE:RE:RE:Delist ComingRon,

I am truly sorry you have suffer these losses in the market; and I can easily understand your disappointment and discouragement. That said, I can't agree with your view that, "Sure you may hit the odd hone run with picking the right mining company but most of them fail and dont live up to the expectations ..."

The truth that people and companies usually don't fail to live up to our expectations, it is more often that our expectations are sometimes unrealistic. I have found that the promise of monetary gain can persuade investors to make bets that are subject to a higher degree of risk than they would wish or had taken into account. You list some of the important and serious challenges that can and often do face many individual projects and the mining industry over all as well, i.e. cost overruns , permitting issues, indegenious (sic) people issues, production shortfalls, etc. While we are at it we might include typical start-up grind modifications and plant adjustments for optimal production. Recognizing this, IMO it is better to expect problems to occur, but then taking a long view of the management's record in overcoming similar problems might provide some reassurance. The news that the engineering of the tailings infrastructure was unsatisfactory should have been a clear signal that a hard look be given to whether to stay with this company or find a better prospect. All I'm saying is that there were signals that were overlooked or ignored that might have serviced as a warning.

"Will never invest another penny in the mining industry."

Well, maybe that's a good idea. This space isn't for the weak of heart; and an iron clad conviction in your judgment is essential to survive the ups and downs of hard rock mining. Your hyperbolic condemnation of ALL mining companies' CEO is plainly an exaggeration and motivated by your stinging losses.

b.
Bullboard Posts