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Message: northgate minerals

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northgate minerals

posted on Jan 29, 08 04:56AM

hi all,

this is another canadian gold stock which may be on the verge of taking off.

it has been hammered down by failure to expand when permit for new mine voted against by panel. this is not final but management has taken project to back seat.

also, maintainance issues caused them to miss projected output this quarter.

in addition hedge positions were on wrong side of latest run up in gold price.

the good news:

hedges are now off.

new company just bought in australia will soon begin to add to their bottom line in 2008.

stock price under $3.

what do you think

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