Thursday, September 16, 2010

A Cheap Way To Play Gold NGD.WT.A


NEW GOLD INC. (Toronto:NGD.TO) Delayed quote dataEdit
Last Trade:6.17 CAD
Trade Time:3:23PM EST
Change:Up 0.03 (0.49%)
Prev Close:6.14
Open:6.24
Bid:6.16
Ask:6.17
1y Target Est:N/A
Day's Range:6.10 - 6.24
52wk Range:3.37 - 6.97
Volume:2,575,550
Avg Vol (3m):2,612,500
Market Cap:N/A
P/E (ttm):N/A
EPS (ttm):N/A
Div & Yield:N/A (N/A%)
NEW GOLD INC. (NGD.TO)
1d 5d 3m 6m 1y 2y 5y max


New Gold is currently dealing with the Mexican Legal system to get an injunction to enable them to re-open the Gold mine which produces 30% of the gold they mine.

This is a risk trade...but the rewards could be worth millions to New Gold, and shareholders and the Mexican Tax department and the Mexican Labour Force.

With hundreds of millions at stake , any success by New Gold Lawyers to get the injunction to
re-open while they appeal all the way to the Supreme Court Of Mexico, is a risk you might be willing to take.

They have been battling since July 7 2010, and a decision on the court issuing an injunction is pending.

We have taken a position in the warrants NGD.WT.A $1.69 on the TSX and the A warrants run till 2017 so can be traded in and out fairly easily.

It is a much cheaper way to play New Gold ( sp is currently $6.17 per share.)

This is a high risk / high reward trade.

Be Aware Of This:

New Gold deleted from S&P/TSX SmallCap Index

2010-09-10 20:57 ET - Miscellaneous

Standard & Poor's Canadian index operations have released the results of the annual review of the S&P/TSX SmallCap Index, which will become effective after the close of trading on Friday, Sept. 17, 2010.

                     DELETION Issue name                                   Symbol  New Gold Inc.                                   NGD

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.


July 7 2010 Press Release said in part:

Upon reviewing the district court's ruling, New Gold plans to launch an appeal with a Collegiate Appeals Court in Mexico City. It may also consider asking the Mexican Supreme Court to hear the case.

"While we are disappointed by this most recent decision, we will continue to pursue all avenues to ensure the continuous operation of Cerro San Pedro," Chief Executive Robert Gallagher said in a statement.

If the latest ruling orders regulators to again halt operations at the site, New Gold intends to request for a new injunction that would allow it to continue to operate while it appeals the decision, said a company spokesman.

New Gold also said it is in ongoing talks with regulators to ensure uninterrupted operations at the mine, which is expected to produce about 100,000 ounces of gold in 2010 at a total cash cost of C$390 to C$410 an ounce.


New Gold Announces 2010 Second Quarter Results with an 82% Increase in Cash Flow from Operations to $38.8 million

(All figures are in US dollars unless otherwise indicated)

VANCOUVER, Aug. 5 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces financial and operational results for the second quarter of 2010. New Gold had an excellent second quarter with gold sales of 82,402 ounces at a total cash cost(1) of $491 per ounce, net of by-product sales, resulting in earnings from mine operations of $35.9 million and cash flow from operations of $38.8 million. New Gold is also pleased to reiterate its 2010 full year guidance of 330,000 to 360,000 ounces of gold production at a total cash cost(1) of $445 to $465 per ounce sold, net of by-product sales.

Source



Canada province, aboriginals in mine revenue deal

* Industry welcomes agreement

* Deal is on tax revenue from New Gold's Afton mine

* More agreements to follow

* Similar tax-sharing deals already in forestry industry

By Nicole Mordant

VANCOUVER, Aug 24 (Reuters) - British Columbia signed an agreement on Tuesday that will see Canada's westernmost province share tax revenue from the mining industry with aboriginal groups, the first such deal in the mineral-rich region.

The agreement between the Canadian province and the Stk'emlupsemc of the Secwepemc Nation was welcomed by the industry, which hopes the deal will improve relations between miners and First Nations people, and make native Indian groups more receptive to mining activities on or near their lands.

"It is the right thing to do. It is also good for business," said Pierre Gratton, President and Chief Executive of the Mining Association of British Columbia.

These agreements will help "to show First Nations right at the outset that there is something for them from our activities," Gratton told Reuters.

Native groups were not immediately available for comment.

Tuesday's agreement is expected to be the first of many in the province's mining sector, said Randy Hawes, British Columbia's minister of state for mining. The province's large forestry sector has been sharing revenues with First Nations since 2003.

The deal inked on Tuesday will see mineral tax revenue generated by New Gold Inc's New Afton project shared with the Tk'emlups and Skeetchestn First Nations.

Over the life of the mine, which is currently under construction just outside the town of Kamloops, some C$30 million ($28 million) is expected to flow to the two native bands, Hawes told Reuters.

Each agreement will be structured differently, he said. The government is signing its second agreement on Wednesday with the McLeod Lake Indian band on the Mount Milligan gold-copper project owned by Terrane Metals .

Hawes said that even though the province had a lot of large mineral deposits, they were often not that rich, making mining companies leery of potentially drawn-out and expensive battles with native groups.

"I do believe we have made B.C. a much, much more attractive place to invest," Hawes said.

In addition, the revenue should improve the social and economic conditions on native Indian reserves, he said.

"For me the bottom line is that there are so many kids on First Nations territories... The future must look bleak to some of those kids," Hawes said. ($1=$1.06 Canadian) (Reporting by Nicole Mordant; editing by Rob Wilson)

House Positions for C:NGD from 20100916 to 20100916
HouseBought$ValAveSold$ValAveNet$Net
79 CIBC768,8004,741,8236.168402,6002,483,7146.169366,200-2,258,109
39 Merrill Lynch159,200978,8346.1488,00049,5066.188151,200-929,328
80 National Bank208,0051,284,1016.173155,345959,7366.17852,660-324,365
2 RBC120,072742,1756.18169,420429,9146.19350,652-312,261
7 TD Sec326,9812,014,4956.161285,3271,759,8206.16841,654-254,675
9 BMO Nesbitt67,250414,9186.1746,083284,7716.1821,167-130,147
13 Instinet20,175123,7506.134020,175-123,750
85 Scotia132,509819,1086.182112,350694,6066.18320,159-124,502
52 NCP10,00061,8006.18010,000-61,800
19 Desjardins13,50083,6036.1934,50027,9306.2079,000-55,673
65 Goldman7,26244,7586.1631,4258,8636.225,837-35,895
74 GMP4,00024,6406.1604,000-24,640
58 Qtrade3,00018,6006.2003,000-18,600
81 HSBC2,20013,5406.15502,200-13,540
60 MF Global Can15,70096,9036.17213,70084,5496.1712,000-12,354
121 Jennings1,80011,2326.2401,800-11,232
33 Canaccord11,88072,9576.14110,50065,1866.2081,380-7,771
6 Union8705,3946.200870-5,394
57 Interactive02061,2856.238-2061,285
83 Mackie04002,4766.19-4002,476
59 PI08004,9366.17-8004,936
5 Penson8004,9446.181,6009,8446.153-8004,900
69 Jordan5,00030,7006.1410,00061,8506.185-5,00031,150
124 Questrade16,20099,8706.16523,000143,0806.221-6,80043,210
14 ITG8,64653,6946.2125,260155,7526.166-16,614102,058
15 UBS311,4001,923,0216.175331,1002,041,1816.165-19,700118,160
12 Wellington029,300180,5176.161-29,300180,517
11 MacQuarie050,000307,4426.149-50,000307,442
99 Jitney79,500490,6516.172145,200897,2076.179-65,700406,556
1 Anonymous234,2001,447,7296.182327,2002,016,6726.163-93,000568,943
72 Credit Suisse44,800275,0986.141144,800890,0866.147-100,000614,988
123 Citigroup2,20013,6226.192377,8342,331,0376.169-375,6342,317,415
TOTAL2,575,95015,891,9606.1692,575,95015,891,9606.16900

YRI Houses Show Buy Sells SP=$11.22



Treasure picks identified YRI that the stochastics were indicating a break-out of YRI-T to the target of 11.38 within a couple weeks, it is well on its way. Hope you enjoyed the run up as we did.

Its not done yet... Anonymous is still accumulating as is Canaccord...a sign this is going higher!



House Positions for C:YRI from 20100916 to 20100916
HouseBought$ValAveSold$ValAveNet$Net
33 Canaccord2,496,67927,890,97911.1711,362,71015,234,56911.181,133,969-12,656,410
89 Raymond James188,8002,120,73811.233137,1001,539,67111.2351,700-581,067
15 UBS122,5001,362,20411.12100,4001,118,64011.14222,100-243,564
14 ITG13,600149,89711.022013,600-149,897
5 Penson43,400482,96011.12833,150369,39811.14310,250-113,562
53 Morgan Stanley9,192101,45611.03709,192-101,456
62 Haywood5,00054,95010.9905,000-54,950
37 MacDougall2,00022,56011.2802,000-22,560
69 Jordan1,42515,66010.98901,425-15,660
44 Jones Gable1,10012,25411.1401,100-12,254
63 Byron18,425204,36811.09217,437193,46811.095988-10,900
60 MF Global Can51,800578,60611.1750,900567,33311.146900-11,273
65 Goldman1,31014,50811.0751,00010,98510.985310-3,523
57 Interactive2502,77711.1080250-2,777
13 Instinet01010910.90-10109
250 Infinium Capital05055511.10-50555
39 Merrill Lynch5,40060,07811.1265,80064,36711.098-4004,289
71 Brant01,00011,30011.30-1,00011,300
123 Citigroup01,40015,61011.15-1,40015,610
48 Laurentian01,50016,48510.99-1,50016,485
83 Mackie01,60017,73211.083-1,60017,732
43 Caldwell03,00033,06011.02-3,00033,060
58 Qtrade1,00011,21011.215,00055,68511.137-4,00044,475
70 Manulife04,00044,36011.09-4,00044,360
75 MGI5,00055,25011.059,500106,53011.214-4,50051,280
46 Macquarie5,05056,41611.17110,000109,90010.99-4,95053,484
6 Union06,50072,93011.22-6,50072,930
101 Newedge32,900367,24311.16240,000442,54911.064-7,10075,306
81 HSBC4004,43611.099,355105,05011.229-8,955100,614
12 Wellington09,600105,40810.98-9,600105,408
19 Desjardins18,580207,58811.17329,700331,92411.176-11,120124,336
72 Credit Suisse1792,00911.22313,000145,90611.224-12,821143,897
124 Questrade1,00011,16011.1620,970233,97811.158-19,970222,818
85 Scotia95,0501,058,89211.14117,4191,311,96311.173-22,369253,071
99 Jitney47,400529,19211.16479,700893,14711.206-32,300363,955
80 National Bank170,4001,899,24211.146238,9532,656,50111.117-68,553757,259
1 Anonymous358,9003,989,63711.116484,8005,409,75511.159-125,9001,420,118
9 BMO Nesbitt26,550297,76111.215173,5981,929,08911.112-147,0481,631,328
2 RBC49,662552,36911.123214,0182,379,21111.117-164,3561,826,842
7 TD Sec104,5951,163,05711.12362,4834,040,95611.148-257,8882,877,899
79 CIBC673,4657,509,46511.151,005,35911,220,79811.161-331,8943,711,333
TOTAL4,551,01250,788,92211.164,551,01250,788,92211.1600


Strategy For 2010 Revealed! The "Penny Pump Finder Strategy"Click Here!


Search The Web