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Message Boards Settings NEW GUINEA GOLD CORPORATION (Ti (NGG.V) - Quote Info
Set up to disappoint?     20-Mar-09 12:54 pm    
Finally sold some on yesterday's run, about 60%. I think holding this one going into earnings requires a leap of faith because they always seem to miss - often by a lot and always with no warning. At last report they still don't have another crusher onsite at Sinivit, and without that, how will they ramp up production to finance Imwauna exploration? Hm, the usual way i guess...

Consider that the share overhang by bankrupt Macmin Silver (around 10 M shares) could send the price much lower if they start selling on the open market. They may be forced to if they can't find a buyer. Too many questions for me. I'm still holding 25K shares. Even if the management execution is basically pathetic, the holdings are excellent. I think we stay in this range for a while, assuming production targets are missed another dilutive financing is announced and Imwauna drill reults impress. Might load back up if we drop to around .10 USD which seems unlikely, but who knows? GLTA
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  Subject Author Rating Time of Post (ET)  
 
Set up to disappoint?
crusaderdog... Not rated 20-Mar-09 12:54 pm  
 
Yes, is a tough one to call, seems unloved one day...
ahamer3 Rate it 21-Mar-09 07:23 am  
 
Is that you selling now, 1.5m shares and still goi...
ahamer3 Rate it 26-Mar-09 11:49 am  
 
no, i bailed over 50% of my holdings at .20 U...
crusaderdog... Rate it 27-Mar-09 12:54 pm  
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(NGG.V)

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