New Gold Inc.

NGD-T

TSE:NGD

1.29
0.06 (4.44%)
New Gold Inc. is a multinational mining company with gold, silver and copper containing assets. It engages in both exploratory and production activity in North America, South America and Australia.
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Analysis and Opinions about NGD-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 16, 2019
Doesn't think there will be a take-over soon. The CEO used to be the CEO of Richmond Mines. They now have an operator. On their watch list and he has confidence in management.
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New Gold Inc. (NGD-T)
August 16, 2019
Doesn't think there will be a take-over soon. The CEO used to be the CEO of Richmond Mines. They now have an operator. On their watch list and he has confidence in management.
BUY
BUY
July 31, 2019
We're in seasonality for gold, peaking in late-September, then from Dec. 23-March 22. NGD has doubled in a short period of time. NGD has seen a recent big move, doubling, but this month it is flagging, consolidating, then afterwards should explode higher. But this is very volatile. The trend is higher. Buy on support.
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New Gold Inc. (NGD-T)
July 31, 2019
We're in seasonality for gold, peaking in late-September, then from Dec. 23-March 22. NGD has doubled in a short period of time. NGD has seen a recent big move, doubling, but this month it is flagging, consolidating, then afterwards should explode higher. But this is very volatile. The trend is higher. Buy on support.
WATCH
WATCH
July 2, 2019
They are reworking a high-cost mine in Ontario. Gold prices have helped the share price lately. He is watching, but wonders if it will return to $9. He would wait to get more clarity on the risks involved.
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They are reworking a high-cost mine in Ontario. Gold prices have helped the share price lately. He is watching, but wonders if it will return to $9. He would wait to get more clarity on the risks involved.
WATCH
WATCH
January 9, 2019
A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
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New Gold Inc. (NGD-T)
January 9, 2019
A company that has struggled with large mines that take so long to get going. Rainy River has been their Achilles heel. They put out a good update, but one quarter does not make the mine. He wants to see several quarters of success. Patience is needed, but there is still significant risk for this project.
DON'T BUY
DON'T BUY
October 30, 2018
Guidance maintained, but concerns about mixed results. Would tend to stay away or switch out to something else. But if you’ve owned it for a while, looks like it might come around and have quite a bit of leverage.
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New Gold Inc. (NGD-T)
October 30, 2018
Guidance maintained, but concerns about mixed results. Would tend to stay away or switch out to something else. But if you’ve owned it for a while, looks like it might come around and have quite a bit of leverage.
SELL
SELL
December 29, 2017

Chart shows a bunch of lower highs. The group of sellers are accepting lower and lower prices and are willing to sell. The buyers are sticking to a certain price (about $3.75 or $4) and are not willing to step up. Sellers are getting more aggressive and buyers are not. If he owned, he would be selling.

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New Gold Inc. (NGD-T)
December 29, 2017

Chart shows a bunch of lower highs. The group of sellers are accepting lower and lower prices and are willing to sell. The buyers are sticking to a certain price (about $3.75 or $4) and are not willing to step up. Sellers are getting more aggressive and buyers are not. If he owned, he would be selling.

COMMENT
COMMENT
March 7, 2017

The knock against this is the climbing costs of their Rainy River mine that they would like to get into production. He prefers companies that have very robust projects to start with. Things like this one were not robust to start with, even before they acquired it. He is not interested in this.

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New Gold Inc. (NGD-T)
March 7, 2017

The knock against this is the climbing costs of their Rainy River mine that they would like to get into production. He prefers companies that have very robust projects to start with. Things like this one were not robust to start with, even before they acquired it. He is not interested in this.

COMMENT
COMMENT
September 28, 2016

He sold his holdings. Likes their operating skills, but doesn’t like Rainy River. Doesn’t understand the geology in Rainy River enough to understand the $1 billion price tag on it.

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New Gold Inc. (NGD-T)
September 28, 2016

He sold his holdings. Likes their operating skills, but doesn’t like Rainy River. Doesn’t understand the geology in Rainy River enough to understand the $1 billion price tag on it.

COMMENT
COMMENT
September 9, 2016

Well sponsored and has good management, but they are having problems the same as every other gold company. This one should be fine based on his gold thesis.

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New Gold Inc. (NGD-T)
September 9, 2016

Well sponsored and has good management, but they are having problems the same as every other gold company. This one should be fine based on his gold thesis.

COMMENT
COMMENT
July 27, 2016

If there was a tight group of 5 companies that he would find investable right now, this would be in the next level up. Their projects are good, but he never gets a feeling they are super fantastic.

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New Gold Inc. (NGD-T)
July 27, 2016

If there was a tight group of 5 companies that he would find investable right now, this would be in the next level up. Their projects are good, but he never gets a feeling they are super fantastic.

WATCH
WATCH
July 26, 2016

A gold producer with production of about 400,000 ounces. The main catalyst is the building of a new mine, a Rainy River project in Northwestern Ontario. The problem is the funding of the project. The balance sheet has been stressed. Ran into some problems in Rainy River with some issues on the concrete that was poured, and have had to redesign it, costing $40 million-$50 million more than expected. That has investors worried about the balance sheet and how they are going to fund that extra capital. Because of that, he is not looking at this at the moment. If you see this gold bull market continue to move higher, and the US generalist’s get pulled more into the space, this name could really re-rate and perform.

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New Gold Inc. (NGD-T)
July 26, 2016

A gold producer with production of about 400,000 ounces. The main catalyst is the building of a new mine, a Rainy River project in Northwestern Ontario. The problem is the funding of the project. The balance sheet has been stressed. Ran into some problems in Rainy River with some issues on the concrete that was poured, and have had to redesign it, costing $40 million-$50 million more than expected. That has investors worried about the balance sheet and how they are going to fund that extra capital. Because of that, he is not looking at this at the moment. If you see this gold bull market continue to move higher, and the US generalist’s get pulled more into the space, this name could really re-rate and perform.

Jon Case

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Price
$5.830
Owned
Unknown
COMMENT
COMMENT
May 12, 2016

(Market Call Minute.) Probably one of the best of the 2nd tier producers. Highly leveraged to the gold price and well-run.

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(Market Call Minute.) Probably one of the best of the 2nd tier producers. Highly leveraged to the gold price and well-run.

COMMENT
COMMENT
January 6, 2016

If gold recovers, which it should over time, especially if the US$ comes down a bit, there is lots of value in the gold market. The stocks are way off. Have had a little recovery, but not that much. If you think gold is flat or down, don’t be in a rush. He would be hesitant.

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New Gold Inc. (NGD-T)
January 6, 2016

If gold recovers, which it should over time, especially if the US$ comes down a bit, there is lots of value in the gold market. The stocks are way off. Have had a little recovery, but not that much. If you think gold is flat or down, don’t be in a rush. He would be hesitant.

WAIT
WAIT
March 4, 2015

Very few companies that are building real projects, so it is now up to them to do it on time and on budget. Project is in BC and then they are coming back to Ontario. With the Cdn$ down, the market should support them. Because of the nature of building things and timing capital, there is always this sweet spot that you never quite know exactly where it is. 12 months before they actually start producing is probably the best time to buy.

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New Gold Inc. (NGD-T)
March 4, 2015

Very few companies that are building real projects, so it is now up to them to do it on time and on budget. Project is in BC and then they are coming back to Ontario. With the Cdn$ down, the market should support them. Because of the nature of building things and timing capital, there is always this sweet spot that you never quite know exactly where it is. 12 months before they actually start producing is probably the best time to buy.

COMMENT
COMMENT
March 3, 2015

Have access to high-quality deals, because of the quality of the board and management team. He is struggling to see the new leg of growth. Their Blackwater or Rainy River projects probably made more sense in a higher gold price environment. Rainy River probably has a better chance of eventually coming into a play that they can actually finance. Wouldn’t be surprised if there might be some acquisitions to fill the gap for 2016, and use some of that cost of capital they have, to make that acquisition.

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New Gold Inc. (NGD-T)
March 3, 2015

Have access to high-quality deals, because of the quality of the board and management team. He is struggling to see the new leg of growth. Their Blackwater or Rainy River projects probably made more sense in a higher gold price environment. Rainy River probably has a better chance of eventually coming into a play that they can actually finance. Wouldn’t be surprised if there might be some acquisitions to fill the gap for 2016, and use some of that cost of capital they have, to make that acquisition.

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