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Author Topic: NXG
abram
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NXG is a gold and copper producer. Been dropping the last few days and is now becoming very attractive. Has dropped below the Bollinger 20 . My opinion is it could reach 2.25 but also believe getting it now at 2.78 or lower would be a great swing. Gold will be going back up and so will NXG. My opinion.

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TI AKERS , WHERE ARE YOU!!!

Posts: 899 | From: FT. Wayne to Raleigh-1986 | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
abram
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$3.38 right now. 3:06pm

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TI AKERS , WHERE ARE YOU!!!

Posts: 899 | From: FT. Wayne to Raleigh-1986 | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
abram
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NXG had a high of $3.72 today and settled in at $3.44. This will be volatile until the Fed meeting results come out Thursday. I took some profits off the table and will be watching for a deeper drop (if any) to swing up again.

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TI AKERS , WHERE ARE YOU!!!

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abram
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Warning!!! UBS downgraded NXG today, hahahha, they also downgraded several other gold producers. Kramer did his best a couple trading days ago to get people to sell. Very funny stuff . NXG is positioned to be a GREAT stock. This is just my opinion. I hope they manage to get people to sell, it will be my opportunity to get more. I've been swinging NXG and holding shares long.

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TI AKERS , WHERE ARE YOU!!!

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Stockstar69
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NXG ended the buyout offer. I would think since the company won't be spending the money on the buyout the share price would start climpbing again.
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abram
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I hope it takes a big dip, so I can get more.

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TI AKERS , WHERE ARE YOU!!!

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mnvestor
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I've been in since 1.32 in Nov last year, consistent volume, PPS move north pretty consistently, like any stock has days of profit taking. Earning to be reported in Aug, have a good feeling they will be good...watch for PPS over 4.15
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abram
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Just added to my on going position, I believe in profits, well worth the 25% the government will get in taxes.

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TI AKERS , WHERE ARE YOU!!!

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abram
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NXG just received another upgrade from Blackmont, ups target to $5.25. Share price is at $3.44.

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TI AKERS , WHERE ARE YOU!!!

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abram
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2006 Forecast Highlights
The Kemess Mine is forecast to produce 320,000 ounces of gold and 84.6 million pounds of copper during 2006. The cash cost of production, net of by-product credits, is forecast to be $170 per ounce assuming a copper price of $1.70 per pound. Exploration spending will increase to a total of $7.8 million with $3.8 million to be spent on the newly acquired Young-Davidson properties and the balance on Kemess claims and the RDN property. Ken Stowe , President and CEO: “The Kemess mine finished the year on an extremely strong note, with the highest quarterly gold and copper production of the year and a record low cash cost in the history of the mine. I am especially proud to report that for the fourth year in a row, we delivered on the metal production forecast that we made at the beginning of the year. For 2006, we are projecting record annual gold and copper production at a cash cost of $170 per ounce. As we move into 2006, we are very excited about the prospects for increasing the resource base at our recently acquired Young-Davidson property in Ontario, where we plan to spend $3.8 million on diamond drilling during the year. With metal prices continuing at record levels, our cash flow in the coming year should be excellent and we will easily meet our goal of becoming debt free by the middle of 2006 . Management’s major focus in the New Year will be to develop additional growth opportunities for Northgate by acquiring new gold reserves either in the form of a late stage development project or an operating mine.”

AN OLD RELEASE BUT STILL COMPELLING.

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TI AKERS , WHERE ARE YOU!!!

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abram
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I'm hoping for a deep dip. Deeper than the other day . Hope someone got in on that.

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TI AKERS , WHERE ARE YOU!!!

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fourseven
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I don't know if it will dip any more. $3.3 looks like a support level.. consolidating between 3.3 and 3.9..
Mid-June was a great time to get in, the market as a whole was weak. But if tomorrow is green, I think it would be a good entry point as well.

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the market is not your mother

Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

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