Oct. 17 at 12:45 AM
$NGD My guess is there are issues out there that smart money knows and are going to"defensive" with their investments. Gold is having its very long awaited move up now.
Remember too that the miners always or usually lag the bullion move up by about 6 months or so. Despite NGD's great run over the last year or so, we haven't participated yet in the recent big moves up in the price of gold. It's coming.
My guess is the upcoming NGD financials for second half 2025 are going to severely beat any analyst estimate. NGD is entirely hedged to the price of gold. Good thing we bought back the remaining stake of New Afton from the teachers pension fund. Smart move.
The CEO already mentioned a few times that the second half of 2025 is where NGD just spits out enormous FCF. You gotta love that.
In a world where there is a lot of uncertainty and global tensions, you invest in defensive securities and "hard assets". Hang tight.
