The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: Cal Amari who wrote (1263)	1/18/2011 11:14:38 AM
From: carranza2	Read Replies (1) of 119360

Something odd is happening with NGD, but I think it is good. It does not make sense for the price to go down as far as it has. POG is stable. Unless I am missing something, El Morro is on schedule. Problems with Cerro are over, and New Afton is proceeding along ahead of schedule. Not only that, price of copper seems headed for more highs (I play via COPX, which has treated me very well). I think major players sense this too and are manipulating its price in order to buy cheaply before a merger, buyout or blow out earnings are announced. Recall that it recently obtained a very substantial line of credit which it doesn't need to maintain operations or develop New Afton.

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