I sold another 2x stake in NXG a half hour ago, at $4.23/share.
And no, Nemo. My average is nowhere near $2.75. I had sold *ALL* of my Northgate in July, remember? The shares I'm selling today were bought only a few days ago, at prices ranging from $4.00 to $4.38 per share.
I was badly screwed by Northgate's deals with Primero and AuRico. (I'm normally diversified enough that sudden actions don't hurt me too badly, but that one really stung.) I held large quantities of Northgate almost nonstop for ten years, bailed when the Primero deal was announced, then missed out on the huge price jump a month later when the Primero deal was scrapped and the AuRico deal announced. How sad is that??
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 