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To: Claude Cormier who wrote (141423)	1/7/2009 12:26:49 PM
From: Tommaso	Read Replies (2) \| Respond to of 313012

Well, today AGI is up and NGD is down so I don't feel so stupid. I wonder why nobody ever talks about selling any of the gold at Fort Knox. Before I continue, I'd like to request that no one tell me the gold may not be there. I've heard that too many times and I have enough other paranoid beliefs of my own so that I don't need to add that one. Anyway, I think maybe a lot of Americans really imagine that somehow the gold at Fort Knox helps to preserve the value of the dollar. It seems to have religious value.

To: Claude Cormier who wrote (141423)	1/17/2009 11:09:35 AM
From: Tommaso	Read Replies (1) \| Respond to of 313012

Does this make NGD look a little better? New Gold to wipe out $50-million of debt 2009-01-09 06:14 MT - News Release Mr. Robert Gallagher reports NEW GOLD REDUCES DEBT POSITION BY C$50 MILLION New Gold Inc. has agreements with certain noteholders that will reduce its debt position by $50-million through the buy back of a portion of its senior secured notes with a face value totalling $50-million for consideration of $30-million. The purchase and cancellation of these notes reduces New Gold's senior secured notes debt from $237-million to $187-million, and results in a reduction of $5-million per year in interest payments. This transaction will also result in an estimated pretax gain of approximately $14-million (U.S.) in the first quarter of 2009. Robert Gallagher, president and chief executive officer, said: "The opportunity to purchase $50-million of our outstanding debt at a considerable discount to face value significantly strengthens our balance sheet and is consistent with our strategy to maintain a solid financial position." As a result of this transaction, New Gold's total debt will be reduced to $242-million which comprises $187-million of the senior secured notes at an interest rate of 10 per cent, expiring June, 2017, and $55-million of the convertible debentures at an interest rate of 5 per cent, expiring June, 2014. New Gold had previously reported that as of Sept. 30, 2008, it had cash and cash equivalents of $251-million (U.S.). We seek Safe Harbor.

To: Claude Cormier who wrote (141423)	1/28/2009 12:57:31 PM
From: Tommaso	Read Replies (3) \| Respond to of 313012

stockhouse.com

To: Claude Cormier who wrote (141423)	1/30/2009 10:27:44 PM
From: Tommaso	Read Replies (1) \| Respond to of 313012

Of course, I take complete responsibility for my own investments. It is true, however, that if I had left the money in NGD that I sold and moved into AGI, I would have more than $9,000 more than my AGI stock is now worth. Fortunately (at this point, at least) I did keep the remaining 85% of my NGD position. After AGI has recovered from the dilution effect of this "done deal" financing at $8.00 a share, perhaps it will resume its climb.

To: Claude Cormier who wrote (141423)	2/10/2009 2:41:52 PM
From: Tommaso	Read Replies (1) \| Respond to of 313012

From a footnote in NGD's latest corporate presentation; this essentially wipes out all their long term debt, assuming that the new notes are honored in 2017, and leaves them with a very solid cash position plus good positive cash flow. Remember that they bought back $50 million of their own debt recently, at a big discount. "On January 16, 2009the Ontario Superior Court approved the restructuring ofthe Third Party Asset Back Commercial Paper (“ABCP”) market, which had been frozen since August 2007. On January 21, 2009 the Pan-Canadian Investors Committee for Third Party Structured ABCP announced that the restructuring Plan has now been fully implemented. Under the agreement New Gold willreceive new notes with a par value of CAD $168.9 million, the majority of which will mature in 2017. On closing of the restructuring, New Gold will also receive approximately CAD $5.8 million representingits share of interest earned on its ABCP from August 2007net of restructuring costs.