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View Full Version : NGX: Worst Stock EVA?



wiseprince
09-29-2010, 12:43 PM
I bought this thing a while back at near 4 and it crumbled to the $1 range. I loaded up and it went back to $3.30 range where it has hovered for the better part of a year. Is this just a horrible stock?

Got Goldies
09-29-2010, 05:24 PM
NXG crashed 7% today. I hope you had gotten out.

http://finance.yahoo.com/q?s=nxg

You should sell NXG and cut the losses. You are better off with HL witch is only a few more bucks.
NXG won't be a buy until 2012. NXG is reporting loses. I don't play that game.

Numisgold
10-01-2010, 12:56 PM
NXG just did a 16% stock dilution to help build its newest mine. But it's still sitting on a boat load of minerals that places it in the same league as GRS, AZK, JAG and others. It's currently closing down one mine while waiting for its Young-Davidson mine to complete in 2012. While the remainder of 2010 and all of 2011 will be lean earnings periods for NXG, the amount of assets they have could make them a very tasty acquisition. In 2012 they should be rolling.

Numisgold

Got Goldies
10-01-2010, 01:29 PM
NXG is not doing bad compared to Hecla.

Its keeping up at least.

tcg1022
10-02-2010, 09:32 AM
It my opinion that one day share holders will be rewared if you have the patients. Accumulate when down and hold for the longterm if thats how you want to play the game. One day she will POP.

Got Goldies
10-04-2010, 01:49 PM
NXG is down another 6%. $2.88, Yuck. NXG is pulling a wheeler dealer.

Mats Wheellander
10-04-2010, 01:56 PM
If it goes below 2$ I buy!

Numisgold
10-04-2010, 02:30 PM
NXG needed to drop to around $2.90-$2.95 just to complete a 16% drop for the recent share offering dilution. Unless gold tanks big time, I don't expect it to go much lower than $2.8's. They did the same thing last September with a $100 MILL offering. At least they are done for the year and can get to ramping up Y-D mine. <$2 with a major mine coming on line in about 18months? They'd be taken over first.

Numisgold