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New Gold Inc. (NGD)

NYSE American - Nasdaq Real Time Price. Currency in USD
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0.7106-0.0194 (-2.66%)
As of 11:47AM EDT. Market open.
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  • J
    Jer
    New Gold Inc. (TSE:NGD - Get Rating) (ARCA:NGD) Director Renaud Adams acquired 47,000 shares of New Gold stock in a transaction on Wednesday, August 10th. The shares were purchased at an average price of C$1.03 per share, with a total value of C$48,410.00. Following the completion of the purchase, the director now owns 1,084,348 shares in the company, valued at approximately C$1,116,878.44.
  • J
    Jer
    New Gold Inc. (TSE:NGD) Senior Officer Robert Joseph Chausse Buys 100,000 Shares of Stock
  • R
    RAJIB
    We need few good news to push above $1. No news for last few weeks. I suppose few good news are about to be released since Adam added 100K shares in his portfolio recently. Finger crossed.
    Bullish
  • J
    Jer
    Being suppressed for too long.
    CEO can’t manipulate sp just to buy cheap. And he is buying. So what news will it be? Sales or merger off the table due to him recently buying at these low price.

    Something cooking and hopefully it’s not not books
  • N
    None
    So…NGD is just sorta bobbling along near the bottom with the current …sinks a little with the gold price…no real direction…floats up a little with the DOW…rolls around…insiders buy some…floats back down ….volume and range of motion shrinking …ho..hum…rollie…pollie…floatie….sinkie no where to go…yawn.
  • R
    Ronel
    what website do you guys use to see insiders buys?
  • F
    Frank
    Gold just below 1800, and ngd @ .73 cents, what's common sense tell you, don't listen to some of the paid off hacks on this site, due diligence ut most importance.
    Neutral
  • A
    Ali
    insiders loading up on these bargains shares you should too. including Renaud Adam's himself
  • J
    Jer
    Frank we will be okay
    Try to understand you should only play What you can afford to lose. This is a casino not real investment sadly.

    Hang in there
  • J
    Jack
    invested in ngd a few years back. at that time ngd was just under $4 a share and gold was at about $1300. today ngd is ,80 a share and gold is $1800. something's wrong here.
  • J
    JonathanM
    We spent 3 weeks building a base at $.70. A fair assessment is we're in week 2 of building a base at $.80. I predict the 1st week of September we make our move toward $.90.
  • F
    Frank
    Try making money for a change. Do something for the shareholders, buyback stock, do something positive, we deserve that.
  • d
    david
    Because NGD has to account for its free cash flow deal with the teachers they give you a fair value number of that deal. As of June 30 it sits at $380 million. This has declined about $80 million over the last year because of higher interest rates that affect the NPV of the cash flow stream. If they were to sell the remaining 54% of New Afton at the same economics they would realize about $445 million. (55/46) * 380. This is roughly $100 million more than the fair value of their outstanding debt. Additionally they have about $270 million in cash. and $40 million marketable securities (mostly Artemis) The current market cap is about $550 million so you are buying the Rainy river mine for ballpark $140 million (550 - 270 - 100 - 40). So what is Rainy worth ?

    According to the 43-101 that mine is expected to produce around 2.4 million ounces over the next ten years (2 .7 million contained ounces mined with about a 90% recovery rate) though heavily front loaded to the first five years. Mineral resources are calculated at a price of $1500 gold. Since at that price there is already a built in profit (resources are by definition economic) anything above that is pure cash in the bank. At $1800 gold the mine will produce (in addition to the profit from the $1500 ounce gold) an additional $720 million in cash. Depending on the discount rate you apply, RR is easily worth $600 million at $1800 gold. This leaves fair value for NGD somewhere around $1.40 which is also around book value.
    Additionally you get the gold optionality, plus all of the exploration optionality. If you listened to the call they were pretty upbeat about New Afton drill results. It is also likely that they will expand the underground resource at RR once they get down lower. They already are set to begin exploration drilling below the intrepid zone.
    Because 'investors' seem only to be concerned with the last three months of time even though they are buying a long term asset occasionally you get wild under and over valuations. By the numbers this appears to be one of those times :)
  • W
    Warrior
    IMG management =
  • 9
    9mm formerly anonymous
    There is a difference X NYSE and NYSE/AMEX LISTINGS.
  • F
    Frank
    Can someone explain why stocks get delisted on the nasdaq
  • M
    Michael
    100mill less debt is a positive. 2300$ AISC is disastrous but largely due to oil costs.

    No words. Hopefully Renaissance buys more shares
  • d
    doug5380
    Anyone able to share the elevator pitch for the company?
  • d
    david
    Getting 40% off of the price of this asset because the mine flooded and essentially pushed some production forward is absurd. The pit will be finished before the underground so you are looking at a few million dollars of NPV lost because if the timing. Instead the price of the asset is down $400 million. It doesn’t get a lot easier than this
  • G
    George
    negative 2 cents forecast is definitely not giving us much hope for good news cheers uall
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