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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (17515)	2/5/2009 6:29:37 PM
From: Tommaso	6 Recommendations Read Replies (2) \| Respond to of 29622

The big story on NGD was back in October-December when the stock was selling for less per share than the cash it had in the bank. The continuing story is that it is very well-managed. They have mothballed operations that are not profitable enough and have bought back $50 million of their debt (not stock) at a discount, spending $30 million to retire it. They also are steadily lowering costs of producing gold and have a strong positive cash flow. One of Canada's most successful billionaire investor/philanthropists, Seymour Schulich, owns about 12% of the compand and Pierre Lassonde is involved in its direction. You can look all this up easily on the Internet. I got deeply in at an average price of under $1.00 a share--a big block for 80 cents. This was two months or so ago. The stock has sold as high as $10 in the past 52 weeks. My holding of NGD is now about 10% of my family's entire net worth. I see no reason to do any selling.