mjw1949

Northgate Minerals: They May Be the Next Mining Gem

I had been an investor in NXZ since the stock was $1.70
I got out because they have a 72 million dollar problem with resets.
This was on their balance sheet as a current short term asset.
This is now an illiquid asset and they hope to get out in the Fall.
We shall see. On the upside the 72Million is still generating income.
So even a copper and gold company is caught up in the credit crisis due to investments. 72m is a significant amount of money for this company. If-when this is resolved I would be a buyer again.

Where are Precious Metals Headed in 2008?

I have been tracking gold since 1984 and saw the bottom in 2001.
Ok I should be retired by now. Beware the short term trader..he can be one's own worst enemy. The 850 gold in 1980 adjusted to inflation would be somewhere between $2000 and $3000 in today's money.
I believe there is along way to go.

Northgate Minerals Bucks The Gold Trend

check out he problems they have with +70million in floaters
they were supposed to be liquid but the credit crunch has hit them and these investments (do pay interest) but are not free to trade until sometime in late 2008- at the best. This couldbe a problem.