Joe Mazumdar Newmarket Gold Inc NMI-T BUY ON WEAKNESS Mar 08, 2016

This has done extremely well. There is a wonderful promotional team behind it. They did a great opportunistic buy of an Australian gold asset. High quality people. Their strategy is basically a rollup strategy, and it is all about implementation.

The Australian dollar drove their costs down and if you think it stays there and gold stays strong then you will do very well. Their costs are relatively high.

This has 3 interesting deposits. One has been doing extremely well with a lot of surprises to the upside. It is very closely held, so it could go much higher. Will be extremely volatile. If you own it, use fairly tight trailing stops. High quality people.

Supposed to be merging with Kirkland Lake (KLG-T), but a new bid has emerged which would kibosh the takeover. Supposedly Goldfields (GV-A) and Silver Standard (SSO-T) have come in over top with their own bid. If true, this company gets a going away present of $55 million break fee.