Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by goldanalyston Feb 04, 2021 11:36am
254 Views
Post# 32470527

Bought back 1/2 my position

Bought back 1/2 my positionFundamentally nothing but the price of gold has changed

1. We will be cash flow positive even at these prices.
2. At some point the gold market will turn in our favour
3. The FED will not stop printing
4. The strength in the doilar will not last
5. Biden will get his $1.9 trillion and unlike 2008 it's not all going to bail out the banks
6. Therefore we are beginning to see inflation
7. Physical demand will pick up where ETF outlfows are absent
8. Frankly I couldn't sit idle and watch price languish here without a buy. 
<< Previous
Bullboard Posts
Next >>