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Dich

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Dich

Re: bobbybdb post# 168198

Sunday, 12/19/2010 11:27:05 PM

Sunday, December 19, 2010 11:27:05 PM

Post# of 221853
Bobby,
The value of the prefered shares are in that they will be redeemed for a set Price by NMGL at a time of their choosing on or after Dec. 31 2010. Their value is not affected by the rising price of gold. However, any amount NMGL can sell the Gold properties for above that price will bennifit NMGL Common share holders. The prefered shares are to be tradable, and thats great for us, we can sell and make profit hopefully. But I doubt that they will trade at prices higher than what NMGL will buy them back at. I think the best bet for us is to sell on the run when FFGO announces the div date. We should see the pps go close to .0035 INMHO

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