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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

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Post by greendayyyyon May 14, 2024 8:00am
205 Views
Post# 36038235

Financing.

Financing.
What bothers me most about this transaction is the dilution, not the share financing price. Financing prices are always lower, and that's no surprise to me. I had a premonition of this kind of news when the price had been hovering between $2.55 and $2.70 for several days. On the bright side, we needed this financing for future operations in our projects. I'm not worried because we're still undervalued, and with the price of gold and copper set to continue rising, the share price should certainly follow suit. I still see the potential of $5 this year or early 2025.
 
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