- On October 29, 2007, Northgate announced its proposal to acquire Perseverance Corporation Ltd. - ("Perseverance"), an Australian gold producer with two fully-permitted gold mines. The deal was approved by Perseverance securityholders and closed on February 18, 2008.
- Northgate closed out its gold hedge book and is now completely exposed to future gold price changes.
- Production of 41,467 ounces of gold and 16.8 million pounds of copper from the Kemess South mine.
- Quarterly gold net cash cost of $18 per ounce and an annual net cash cost of negative $22 per ounce of gold for all of 2007.
God Bless America
Ps. Judge for yourself and then decide whether you wish to join the strike. WE ARE CHANGE!!!
I received the following article. Please read just this one and comment. I know that is not what you do, but please for me!
Regards, CIGA Arlen
Dear Arlen,
I have read this as you requested. It is what I HAVE ALREADY told you!
The hedge funds have been short the juniors and long the majors, resulting in overpricing the major and violently under-pricing the juniors.
The shorts continue their campaign by selling usually near the close on relatively light volume to attempt to make many issues look bad.
All you need to do is look at your junior in question on a 9 or 18-minute chart and check the volume of each bar. The operation at hand will scream out at you when compared to the total volume on the day.
Low volume selling within minutes of the exchange closing followed by even more miniscule selling on the electronic after hours are a dead give away someone is working hard to paint a picture by NOT SELLING TO SELL VOLUME, ONLY TO MOVE PRICE.
They will get burned. You can count on that.
Any issue doing well on the ground should not be bothered at all by both legal and illegal shorts. The undervaluation with gold running towards $1650 will burn them.
I have been spot on regarding gold and will be spot on regarding this issue. I am open to wagers.
A company that has in-ground assets rising in value should love the short that gets increasingly short as that will ultimately benefit the situation. The short is pushing their luck at this point.
VIDEO: Ron Paul Interview on FOX Business Channel 02/28/2008 -
GOLD Apr 2008 (NYMEX:GC.J08.E) -
Northgate NGX - has now free Liberty to get and sell for - the full fair daily market value of the Gold market value - exposed to set POG by commodity future exchanges - for gold future price changes -
- On October 29, 2007, Northgate announced its proposal to acquire Perseverance Corporation Ltd. - ("Perseverance"), an Australian gold producer with two fully-permitted gold mines. The deal was approved by Perseverance securityholders and closed on February 18, 2008.
- Northgate closed out its gold hedge book and is now completely exposed to future gold price changes.
- Production of 41,467 ounces of gold and 16.8 million pounds of copper from the Kemess South mine.
- Quarterly gold net cash cost of $18 per ounce and an annual net cash cost of negative $22 per ounce of gold for all of 2007.
God Bless America
Judge for yourself and then decide whether you wish to join the strike. WE ARE CHANGE!!!
Quantum's Jim Rogers says US 'out of control' - Leo Lewis, Asia Business Correspondent
Jim Rogers - who co-founded the now closed Quantum Fund with George Soros - told 750 global fund managers in Tokyo today that, America is "completely out of control", there will be a 20-year bull market in commodities and that prices will be in turmoil.
And he also warned that it "made sense" if global competition for resources ended in armed conflict.
Mr Rogers told delegates to the CLSA investment forum that the prices of all agricultural products would "explode" in coming years and that the price of gold, which hit an all-time high of $964 an ounce yesterday, will continue its surge to as much as $3,500 an ounce.
Gold would continue to rise, the analyst Christopher Wood told fund managers, "because it is the exact opposite of a structured finance product". In a blistering attack on US monetary policy and the "helicopter cash drop" responses of the Federal Reserve, Mr Rogers described the American dollar as a "terribly flawed currency".
Northgate NGX - has now free Liberty to get and sell for - the full fair daily market value of the Gold market value - exposed to set POG by commodity future exchanges - for gold future price changes -
- On October 29, 2007, Northgate announced its proposal to acquire Perseverance Corporation Ltd. - ("Perseverance"), an Australian gold producer with two fully-permitted gold mines. The deal was approved by Perseverance securityholders and closed on February 18, 2008.
- Northgate closed out its gold hedge book and is now completely exposed to future gold price changes.
- Production of 41,467 ounces of gold and 16.8 million pounds of copper from the Kemess South mine.
- Quarterly gold net cash cost of $18 per ounce and an annual net cash cost of negative $22 per ounce of gold for all of 2007.
God Bless America
Judge for yourself and then decide whether you wish to join the strike. WE ARE CHANGE!!!
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