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Message: Kim..ngd

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" Most excellent. The hedges represented roughly 15% of production, and now these ounces can be sold for roughly 75% more than the price they were hedged at (based on today's gold price). This is one benefit of lower gold prices, as it lowered the cost of paying off the hedgebook. This is another step in solidifying New Gold as a Best Buy. The stock sold off today like the rest of the industry, but hold on... it's possible we could be getting close to the bottom. Keep building cash to prepare to take advantage of what we're convinced will be an incredible buying opportunity."


kim
May 22, 2013 11:39AM

May 22, 2013 11:47AM
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