Gold and Silver Juniors, Mid-tiers and Producers 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 : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marcos who wrote (61899)	10/24/2008 12:38:29 PM
From: onepath	Read Replies (1) of 78409

NGD indicates they will be picking up assets after hedge fund forced selling ends..... NP says Millennia III managers sell their New Gold 2008-10-24 06:15 ET - In the News The National Post reports in its Friday edition that Millennia III North American Small Company fund Canadian small-cap specialists Martin Dufresne and Patrick Potvin have sold all their New Gold stock. The Post's Sonita Horvitch writes in the Buy & Sell column that New Gold is based in Vancouver. New Gold has interests in Australia, Brazil, Mexico, Chile and British Columbia. "We owned shares in one of the constituent companies that was merged with two others to form New Gold," Mr. Potvin says. After this merger in the summer, "the stock rallied and we sold it as we did not like the combination of assets." New Gold stock retreated 45 cents to finish Thursday on the Toronto Stock Exchange at $1.28. The stock has a one-year range of $1.28 to $9.75. The Post reported on April 5 that Seymour Schulich was a major new New Gold shareholder. The stock was trading at $7.41. In the item the Post's Barry Critchley said he expected good things to come of the relationship. The managers have been selectively adding to their stockholdings. The managers have not deployed all their cash. They are waiting for "most of the forced selling by hedge funds and by individual investors facing margin calls" to end.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next