Northgate NGX on NYSE Message Board

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Gold/Mining/Energy : Northgate NGX on NYSE

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To: tandav who wrote ()	10/18/1996 3:57:00 PM
From: George Burdell	of 89

Just thought I'd see if there was anyone who wanted to talk about this stock. It is being suggested by SEC (Securities Exhibiting Control) as a stock under accumulation. Earlier this year they sold their last producing property which leaves them with $26 million in cash plus royalty income from some earlier sales. Don't know if they have any other properties. Trades a little under cash value. SEC thinks there must be some plans for the pile of cash, but the company is being quiet while those 'insiders' buy up stock at a low volume. I don't know if Oliver Stone moonlights for SEC, but they'd probably get along. Volume has been picking up lately. Today there were over 100,000 shares traded. The SEC had this in September's newsletter too, without much volume, so I don't really attribute the volume to that, although it could be the case. Well, just fishing for insights... don't own any NGX, but am considering it...

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