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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 _Highlander_on Aug 08, 2019 9:42pm
218 Views
Post# 30009200

RE:RE:NEWS - Bought Deal Financing

RE:RE:NEWS - Bought Deal FinancingStupid Investors will sell, lets look at this logically, the float on the company was low anyways 540 million shares issued, BMO is buying this barely under current market value, this is a huge boost of confidence to any investor that a firm is willing to bet the floor is 1.60. this adds a huge amount of additional liquidity and pays more debt down. All around this is positive to the company moving forward, with gold moving forward and production increasing the SP should continue to move north. GLTA
Bullboard Posts