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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

Comment by Ronbromleygrosson Sep 10, 2024 12:38pm
106 Views
Post# 36216859

RE:RE:i changed my mind

RE:RE:i changed my mind

Tough to say if NGD is for sale or on a buying spree soon enough.  They are loading their board with the ex Newmont Mining all star cast.  They were notorious for "buying companies" trading at undervalued prices and riding their shareholders to fabulous returns over the years. 

At NGD now, we are in the second half of 2024 where our FCFP should balloon big time while our AISC should come down.  That's good news for NGD shareholders. 

Anyone looking to buy NGD will have to buy us out at a roughly 50 percent "minimum premium" on the conservative side imo.  It could be higher imo. If the new chairman and directors we brought in recently are indeed looking to sell NGD, they will look for top dollar especially now with POG that has set a floor of $2,500.  If these guys are buyers of other miners.  then they will make some very good strategic purchases for us.  It's a win win imo.  Enjoy the ride gang.  Waited 12 plus years for my investment to come to fruition.  (33k shares @ $3.88 cdn avg) 

Ron

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