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   Gold/Mining/EnergyNew Gold, Inc. (NGLD-Nasdaq bb)


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To: The Barracuda™ who wrote (7)7/30/1997 11:44:00 AM
From: The Barracuda™
   of 46
 
Does anyone know Newgold's market maker? i've been trying to buy shares for about a week now and am not getting a trade

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To: The Barracuda™ who wrote (8)7/30/1997 4:17:00 PM
From: John M. Allen
   of 46
 
Robert-No, I sure don't know the MM. Have you tried calling the company? You're buying? What do you know that I don't know? I was thinking about dumping my shares.

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To: John M. Allen who wrote (9)7/30/1997 7:55:00 PM
From: The Barracuda™
   of 46
 
I am trying to buy the shares. If you compare mrkt cap per oz new gold is a steal. The buy out war over Santa Fe (GLD) by Newmont and Homestake was due to how the market values various companies gold reserves and resources. NGLD's at $1 1/2 /share is about $50 oz.
HM,NEM, or ABX gold valuation is about $200 oz. The reason why HM and NEM fought over Sante Fe is that by buying GLD, the winner would have the purchased oz revalued at the aquirors gold valuations. So, the shares could go to $6/sh to make a $200 oz valuation. Any price less than that would be profitable to the buyer. ABX's Peter Munk said that he is looking to aquire reserves. ABX is big in Nevada where NGLD also has its properties.

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To: The Barracuda™ who wrote (10)7/30/1997 11:47:00 PM
From: John M. Allen
   of 46
 
I must say that you make a convincing case for keeping the small number of shares I have left after the reverse split. Thanks for the info although, being new to gold, I really do not, as yet, understand it all. I will do some checking re how to buy more and will advise of any findings. Thanks, John

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To: John M. Allen who wrote (11)7/31/1997 12:03:00 AM
From: The Barracuda™
   of 46
 
John, I have an open order to buy shares; how many do you want to sell ? If you put in a market order to sell, I'll take 2000.

Robert

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To: The Barracuda™ who wrote (12)7/31/1997 9:59:00 AM
From: John M. Allen
   of 46
 
Robert-I started with about $7,000 worth of WHAC; after the conversion, I now have a whopping 353 shares of NGLD. You can see why I have not been too enthused about the stock. If it's as good as you say, maybe I'll regain my enthusiasm and buy more (if I can). Do you have any info on the co. other than that contained in the EDGAR?
Meanwhile, I'll look into how you (and possibly I) can buy shares. John

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To: John M. Allen who wrote (13)7/31/1997 10:24:00 AM
From: The Barracuda™
   of 46
 
Hello John:

The company is located in Reno Nevada phone # 702 823 4000.

I'v called twice over the last two days but Scott Doctor and Brad Slater were in California

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To: The Barracuda™ who wrote (14)7/31/1997 11:22:00 AM
From: John M. Allen
   of 46
 
Robert-just talked with my broker. He had to wire to determine if shares could be bought. The answer came back 15 minutes later; the answer was that there was a bid of $1.25 but no ask. He said we could put an offer in to see if anyone takes it but that's about it. Sure appears that you are correct about the stock value; unfortunately, it also appears as though the shareholders are aware of it.

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To: John M. Allen who wrote (15)7/31/1997 11:59:00 PM
From: The Barracuda™
   of 46
 
Hello John:

I talked to the market maker a fellow named Mark Dillion phone 800 654 9929 and he said that shares were avaiable at 1 3/8. The bid you saw at 1 1/4 was probably me, I am bidding for 2000 at 1.25. I left the order in GTC hoping that some shares might shake loose, yours perhaps?

I originally placed my order via an online service but had to finally call and ask to have the order placed.

NGLD is currently looking to put 2 mines into production; the Mission Mine in Riverside county California and the Relief Mine in Nevada. This will take a financing to do but in the currrent gold market, money is hard to get for Gold Companies

Robert

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To: John M. Allen who wrote (15)8/1/1997 12:01:00 AM
From: The Barracuda™
   of 46
 
John, I forgot. You might be able to get shares by calling Mark Dillion, I tried but his firm is not licensed to operate in my state

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