New World Gold Corporation (NWGC)

[upperdivision]

I think people need to look at the financials again http://www.otcmarkets.com/stock/NWGC/financials

$2.2 Million net income for 2013
$751,000 Net income for Q1 2014
$6.8 Million Net Tangible assets

All of this from a company with a market cap of around $3.5 million right now.

The chart looks like shit. The trading today is terrible. But, the company seems to be doing pretty well. People are just panicking and selling accordingly.

I have no idea as to whether or not we will get a bounce soon and I am not in this because of any promoter. I'm in this because it's significantly undervalued if those financials are accurate. Of course, fundamentals don't mean anything unless the market reacts to them, as shown by NWGC's historical prices, but it's a nice fallback.

I'll probably pick up some more shares at the end of today after seeing the price action for the next half hour. It's definitely a risky play, but that comes with the territory