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Re: NXG - *BOUGHT*

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 30 Aug 11 5:00 PM | 27 view(s)
Boardmark this board | De's Test Board 		Msg. 34706 of 45644
(This msg. is a reply to 34705 by Decomposed)
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"And I'm very bullish long-term on the price of gold."

I know,,,,,,,, I wish you the best with your gold endeavors DE!!! I gave up a while ago, trying to trade this errrrrrrrrrrrrrrrrrrrrrrrrrrrrrr market!!!!

Kudos to you Thumbs Up

edit,, bid just went strong with futures closing LOL,,,,,,,,,,

Bid: 4.07 x 18500
Ask: 4.09 x 100




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: NXG - *BOUGHT*
By: Decomposed in ROUND
Tue, 30 Aug 11 3:51 PM 		Msg. 34705 of 45644

Nemo,

re: "You didn't???????????"

Sure did. Twice. Hopefully, I won't regret it.

I'm going to ignore the fact that I screwed myself (or was tricked) out of the 45 percent gain in NXG. That's water under the bridge. I didn't shoot myself over it yesterday; I'm not going to do so now.

What we've now got is TWO companies that I know well and liked enough to own independently. I'd dumped Northgate simply because I hated its deal with Perino Gold, a deal that's now been junked. AWESOME! Smart move! I'd have considered paying $3.50/share for Northgate if that was the whole story.

The combined Northgate / AuRico (formerly Gammon) is going to be a strong gold junior that will attract a lot more investment interest than either company could individually. AuRico nearly doubles its production, increasing output to 470,000 ounces ($846 million annually, at $1,800 oz), with reason to think that they'll rapidly increase that. The combined companies will have a market cap of about $3 billion.

And I'm very bullish long-term on the price of gold.

AuRico was $14/share just a few weeks ago. I think the combined company should see $18 within a year.

I'll post more on this later.

In the near future, I hope to buy land - which I'll pay for by selling stock. I like most of my holdings- so that will be tough. But AUQ/NXG is probably the last one I'd want to unload.

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