RE:Re: One Bad Decision Begets Another
psych01 wrote: M.Prof---it's not as bad as you say; as to Harte-- you do not know what the final net financial hit will be. Most gold companies have an accounting department, so I've heard---which accounting department is tasked to look for ways to minimize damage when things don't go according to plan. NGD as a stakeholder in that unfortunate little miner might be able to stay in on the cheap if reorganizing results in Harte staying alive and upgrading throughput as planned. If that's not feasible then back to the accounting department which will do their part.
Blackwater is years down the road and NGD was smart under circumstances to take some money and run. It's a lot of money---granted it will be a while before we see how they utlized it. But all in all, you paint too bleak a picture. IMO
Totally agree with yo. That is how this industry is. Proceedings from the Blackwater royalty deal is not small.... When all the mining juniors are running at discounted SP, it is good time to acquire a good property....
Next year, we should be looking at $5 NGD stock price for sure.