With a merger in the gold sector. I had brought NXG aboard the portfolio along with several other small to intermediate gold producers as the explorers went into liquidity-driven under performance mode.
I had not gotten around to highlighting NXG, but its Young-Davidson property was the reason for initiating the position; well that and the technicals at the time. As for this AuRico, it is the former Gammon Gold, a company that I did not think highly of but in fairness, have not even looked at in years.
I will have to look into this, but starting the week with a nice 45% premium bump up is pretty cool. Beyond that, it is time to evaluate whether I want the whole entity in my portfolio. Again, maybe the bad stuff was buried with the name 'Gammon Gold'.
http://www.biiwii.blogspot.com
http://www.biiwii.com
I had not gotten around to highlighting NXG, but its Young-Davidson property was the reason for initiating the position; well that and the technicals at the time. As for this AuRico, it is the former Gammon Gold, a company that I did not think highly of but in fairness, have not even looked at in years.
I will have to look into this, but starting the week with a nice 45% premium bump up is pretty cool. Beyond that, it is time to evaluate whether I want the whole entity in my portfolio. Again, maybe the bad stuff was buried with the name 'Gammon Gold'.
http://www.biiwii.blogspot.com
http://www.biiwii.com
