Northgate Minerals Corp (NXG)

[fazoolius]

Why do you think it is going to go under $3?

Gold is currently up $12+ to $820 an oz. The fact that NXG is going to clear their hedges off the books (only 10,000 oz. as of CC) and production going to be in the neighborhood of 430,000 oz next year ought to be positive.

I listened to the whole conference call yesterday and it was very optimistic and very long term. I was impressed with management and how they handled this acquisition.

The funniest part of the whole thing was the Q&A. Seemed like everyone was trying to find out negative things about the company. No one had any real, legitimate questions about the perseverance acquisition, they were all concerned about the credit ratings of lenders and where they had short term investments. I even liked the callers who were still hung up on KN approval and know more about NXG profit sharing with FN.

Unless I missed something, NXG complete wrote off KN and took the hit this Quarter. I honestly thin that they are not going to explore the option of KN any longer and will look to other plays either in Canada or in Australia. There was an interesting call about the transfer of equipment from KS to YD and the CEO stated that they were two different types of mines and the equipment was not able to be used for YD. That means they are going to be looking for another acquisition or partner up with someone so that they don't have equipment sitting around, IMO.

I was a little surprised with the drop yesterday as this stock should not be viewed as long term and the past quarter should have had little impact on the PPS.

Hoe you all have a great day.

-faz