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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 JonathanSteelon Feb 29, 2020 6:14pm
144 Views
Post# 30751824

RE:Good write up on NGD

RE:Good write up on NGD Gold will see huge movement next week once the panic stock selling ends and investors look for safety and value to park their remaining money. The "direct" impact on NGD from the Corona Virus is zero, so once the Gold Price starts to rise and investors realize the value at hand we should see an immediate turn-around in Gold and Gold Stocks. The fact that Gold dropped in the past week is "irrational". What everyone is missing so is the huge opportunity this has created. Markets behave irrationally in time of trial but always get it right once the dust settles. The bigger the upset, the bigger the correction once the dust settles. As for the Ontario Teacher Pension Fund Partnership, this is clearly a huge vote of confidence to not only NGD but also the general Gold Market. They knew the general market was going to correct and have acted by partnering with NGD. Safe investments will be the only investments in times of major uncertainty.
Bullboard Posts