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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 Ronbromleygrosson Sep 13, 2024 9:23pm
202 Views
Post# 36223432

I’m finally in the profit- 13 years later. ….

I’m finally in the profit- 13 years later. ….

For those of you who bought here the last few years, congrats.  You have done very well.  We are only getting recognized and the big volumes are coming now.  Feels so good

I bought my initial stake at the last super peak bull run at about $14 about 12 to 13 years ago.   That was brutal seeing the price drop year after year like this.  On the bright spot, I just decided to avg down and hope we would one day see a turnaround with NGD along with a gold bull run.  Looks we are getting both right now.  

I kept avg down to the point where I officially went from being in the red to being in the black (profits).  Yeah I'm happy today. 

It's no surprise to me now at the sudden love for NGD based on the recent mine expansion reserves news plus the FCF we are expecting now plus the huge rise in price of gold.  Add the recent new chairman and directors added here.  They came over as they smell a huge success story upon them.   The new additions here are from the Newmont Mining background.   Newmonts too big now to 2x, 3x, 5x , etc its current sp so it makes no sense to even try.  


Instead these guys see the worst from NGD is already behind us and they see the glory days here now.  These guys want to ride the gravy train here now.  Not sure if NGD is going to be a buyer (similar to how big Newmint got)  or were they brought here to arrange a strategic sell of NGD??

Either way, this is a win win for NGD shareholders.

Our best days here are only starting now.   It's been a long 13 years for me.  Looking forward to the start of this ride.

Enjoy 

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