RE:RE:DJ New Gold Inc. Price Target Raised to C$4.50/Share From C$ I see it differently. If you think we move up $1 on a buyout that equates to only a 27 percent premium to todays share price on the tsx. An astute buyer would already know that NGD's past problems and issues are behind them and they are now on the upswing. With each forward ER, the results should get better and better. An astute buyer would already know that and would be smart to taje NGD out now rather than later which would cost them more especially with a rising gold price and a favourable gold outlook with interest rates dropping going forward. All are favorable for gold.
Also something many of you probably are not aware of. The new chairman of NGD used to be the top dog at Newmont Mining. Newmont was known for and grew big time from M&A's. It's so easy to connect the dots here. NGD has a bullseye on its back. Prime for a takeout. Mark this post.
Ron