Northgate Exploration Limited - TSX: NGX; AMEX: NXG Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG

NXG 50.72

+1.3%

Nov 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Northern Marlin who started this subject	6/2/2004 8:26:17 AM
From: Northern Marlin	Read Replies (2) of 148

During the almost 4 weeks since reporting 1st Q 04 results and releasing information on Kemess North progress NXG has seen its stock price recover enough to fill the gap down that occurred on 5/7/04. So, what can one expect the stock price to do in the future? stockcharts.com The daily chart shows the 50-day MA poised to cross below the 200-day MA. The downtrend that began in early April is intact, IMO. I continue to hold my shares because I believe the fundamental story for this stock outweighs the chart picture. NXG will complete the feasibility study this summer. They will have very good results the next three quarters, with favorable comparisons to year ago quarters. There is the real possibility of more mineralization being discovered around the Kemess South mine. NXG will announce exploration results at the end of the season. Copper inventories world-wide continue to dwindle. The U.S. has negative real interest rates, a situation that has boded well for the price of gold in the past. Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next