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New Gold Inc. (NGD.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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1.6800-0.0700 (-4.00%)
At close: 04:00PM EDT
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  • S
    Stumblefoot
    As I've coached people here in the past, don't hesitate to book some profit when given the opportunity. This is how we make money on NGD. So, if you picked up some shares around the May 12 low of $1.14, take some shares off the table and book your +20% gain.
  • m
    martin
    NGD does hedges on copper. I believe that the caps are costing the Company money.
  • G
    George
    gold down .1% ngd down 3.5% what is going on anybody knows ?
  • U
    U2GT
    It's simply all about the gold price for NGD. Balance sheet solid and operations slowly being optimized. It's gold that drives the cashflow and future net present value. NGD is a great "leveraged" (operationally, not with regards to debt) play on gold - fixed cost operation scales with increase in gold price. If you buy NGD you're looking for a leveraged return on gold.
  • m
    mark
    Drill results imminent any minute now! Visuals show high-grade copper gold system. Would you rather be in or out of RMESF stock when results are announced any day now? Looks like large high-grade copper gold find. https://richardacavalli.wixsite.com/greenplanetmicrocaps/large-copper-gold-find
  • U
    U2GT
    Calling the bottom on this one. Been here before. Buy, hold and ignore for a few quarters.
  • A
    Andre
    This was pushing $2 USD 2 weeks ago. What a bloodbath. Uugh, I was almost out, but now I have to seriously consider increasing my position. Hard to resist at these prices.
  • S
    Stumblefoot
    I've talked about the 1840 level of gold before and its relative importance to NGD. It's pretty impressive how the market took down NGD's share price in advance of gold moving to this level. I certainly didn't expect a retracement back to 1840 at this point in 2022.

    At this share price, we have some flexibility before the bottom truly falls out if gold were to decline below 1810. So, I added to my trading position again today @ $1.23.

    The size of my trading position is roughly 67% of what I've done in the past. As such, my average cost for this trade is now down to $1.335.

    Here's hoping for a hotter CPI # tomorrow than what the experts are expecting.
  • U
    U2GT
    Three of the key points from earnings release:

    All-in sustaining costs of $1,778 per gold eq. ounce, including total cash costs of $1,069 per gold eq. ounce.
    Average realized gold price of $1,897 per ounce and average realized copper price of $4.53 per pound.
    Cash generated from operations of $68 million, or $0.10 per share.

    They dig it out at a cash cost of $1,069 and sell it for $1897 per oz. This resulted in strong cash flow. Gold will get back to $1950 over time, and even $2k. The company is in solid shape. Patience. I'm staying long.
  • a
    anthony
    How’s gold going down
  • R
    Rob
    Looking like gold wants to retest support at 1795. I don't think we're out of the woods yet...

    But if we do retest support there and rally back up, we're going to have a lot of momentum behind us.
  • s
    spam
    This isn't rocket science. The AISC is a huge anchor keeping the stock down. A comparative chart shows this as one of the highest. Any questions should be what management is doing to bring costs down. If and when costs go down, the stock will rise.
  • G
    George
    when going down must be the gravity that makes it go screaming 20 cents or better upside stands to reason is lots more harder
  • a
    anna
    Bad day for gold, but I'll buy this at 1.10. Almost there, maybe tomorrow.
  • L
    Luc
    From im reading about the upcoming recession. Imo by Christmas this stock will be below a 1$ again.
  • G
    George
    ngd was lot higher when gold was lower ?...?
  • d
    doug5380
    Read the Zack's story on August options for NGD but didn't see any trades on the Yahoo listing!? Am I reading something wrong or was this simply a bot written piece of make-believe???
  • S
    Stumblefoot
    Bullard’s remarks a couple of months ago knocked gold down to 1820. So, to fall back below 1900 today as the Fed enters their quiet period in advance of the next FOMC meeting, is no big surprise IMHO, especially after his 75 basis point comment last week.

    Long time shareholders know you can trade around a core position and make a lot of money in NGD, but you have to be disciplined managing a trading position. Like I’ve said so many times before, and as recently as 3-days ago, patience is the key with this stock. Price paid is crucial and is why I got so concerned last week when some were buying up in the $1.90s. Those buys are now down -20% today. Ouch!

    @TROY here in the forum conversation has been very good with his trading ranges. And, after selling out of my prior trading position in the upper 1.80s, I indicated I wouldn’t suggest starting a trading position until at least $1.63 and that personally, I wouldn’t reinitiate my trading position until $1.59.

    Now, since my February post stated I didn't think we'd see $1.50 again without a drop in gold below 1840, I put my money where my mouth was and today have begun to reestablish my trading position @ $1.4905.
  • S
    Stumblefoot
    That was one ugly earnings report in a period of exceptional gold prices. With spot gold above 1900 the entire quarter, somehow NGD’s average selling price thru the quarter was < 1900.
  • R
    Robert
    I love gold as an inflation hedge... Hmmmmmm...