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

New Gold Inc > We broke support @$1850

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Comment by Ronbromleygrosson Nov 23, 2020 10:59am

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Post# 31952151

RE:We broke support @$1850

Hi Goldanalyst

I couldn't resist and wait.

I bought another 3,000 shares at $2.50 about 1 week ago and another 3,000 shares today at $2.30cdn

Continuing to average down my price.

If NGD does get to $2, I will be sure to back up the truck and load er up. Playing it safe for now and just buying small increments in case we have not hit the bottom yet. I agree with your analysis though that $2 to $2.20 is a very safe and cheap price compared to where we will be on the next leg up next year both in the gold price and NGD share price.

Ron

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