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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
Post by goldanalyston Nov 06, 2020 8:57am
292 Views
Post# 31850351

Repositioning

RepositioningMost of the action yesterday centred around those larger firms using the liquidity to reposition after the Q3 report. They made their money and see better opportunitites elsewhere. That's what makes a market. Those 5 million shares noe have gone into accounts at prices that they see as terrfic (around $2.60/share) . Large brokerages aften reposition as they see fit. Not sure if they are all done yesterday or not but if gold continues it's ascent we can all sleep well at night because our day will come, Not selling until we get to $10/share. That's my price!!

GLTA
Bullboard Posts