ARTG down 4.7 % and NGD up 4.4%STATED a few times that CI funds would have been smart to play NGD on that Blackwater project they sold to ARTG... Altho ARTG has seen some big gains from the time they announced the deal... NGD has also made a nice move.
Difference tho is that NGD has gold and silver production from their producing properties, while ARTG and the Blackwater project wont be in production for some time.
NGD gets a nice royalty stream on the initial production from the project and also holds 6 % of ARTG shares.
Today is showing the smart money playing NGD and selling/shorting ARTG...