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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 308Uon Nov 07, 2019 5:06pm
184 Views
Post# 30324116

RE:RE:RE:If Gold can stay around $1500+

RE:RE:RE:If Gold can stay around $1500+Price fluctuates for most stocks a few percentage points, but now from 1.07 to .85 cents within a few days. That's 20%+. The question is why? Basically from my dumb investor point of view, it's their cronic money losing quarters and plus the debt of   $$$700+ million$$$.Of course the dumb investor that I am, I didn't see the bought deal financing coming which kicked me in the nuts harder than anyone can imagine. I'm just elated at this point that I did sell at the recent headfake at $1.05. Now, would I buy this stock again is an intreaguing question. I don't think I would at this moment because gold could tumble because of the so called "phase 1 deal" with terriffs coming down on both sides. This is bullish for most other sectors other than gold. So, I'll wait until after the Phase 1" is signed and see where price of gold is and what NGD does...I suspect, I'll be able to pick it up at the 52 week low.  Just my humble opinion... which nobody should really care about. Good Luck to all! 
Bullboard Posts