Northgate Minerals Corp (NXG)

[hypnowizard]

Rootman,
The company can prosper all it wants. The only thing that has been good for is paying slaries and bonuses. The amount they have is small in comparison to the cost of an acquisition. You were smart enough to get in and out. I have been unable even with averaging down to get below the share price. It has been a loss.
In mining I have learned cash means nothing and reserves are everything. AZK is in debt with more reserves hence the value.
The big example is SA. They do not even mine anything yet have managed to go from $2 plus to $37 in the same time NXG is losing. So keep the cash. How anyone can look at the performance of this company in a Gold and Copper bull market and think they are doing well is beyond me. This CC is my last unless they have made an acquisition and I will bet money they don't. I could have made more on SA in the last week to offset the loss I have with Northgate.
New investors may make out and just take the place of the old longs like me. There is no way even with an acquisition that they will even catch their peers. They have burned their investors and all the talk of acquisitions and other promises made has been merely talk.