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


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To: John M. Allen who wrote (21)8/3/1997 11:39:00 PM
From: The Barracuda™
   of 46
 
Who Knows? The stock is thin very thin

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To: The Barracuda™ who wrote (22)8/4/1997 4:30:00 PM
From: John M. Allen
   of 46
 
Someone bought 1,800 shares today. The stock is "On Fire"!

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To: John M. Allen who wrote (23)8/5/1997 12:20:00 AM
From: The Barracuda™
   of 46
 
I called ngld to day and was told that a bid/ask would be posted within 20 days. so you will be able to sell y0our shares if you wish.

New gold will be at the Las Vegas gold show,

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To: John M. Allen who wrote ()8/20/1997 8:00:00 PM
From: The Barracuda™
   of 46
 
Hello John<

I talked to the company today and they expect to be in production within 60 days.

Regards,
Robert

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To: The Barracuda™ who wrote (25)8/22/1997 3:04:00 PM
From: John M. Allen
   of 46
 
Greetings, Robert. That sounds good. Right now, if I sold my shares, I'd probably be in the minus column after commissions. Oh, well...

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To: John M. Allen who wrote (26)8/22/1997 6:58:00 PM
From: The Barracuda™
   of 46
 
I've finally been able to place a computer order to buy the shares. There are now two mrkt makers in the shares with a 3rd comming shortly. I called and asked the first mrkt maker;it seems my broker uses a different system and so until today I was undable to do Internet trades.

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To: John M. Allen who wrote (26)8/23/1997 10:30:00 AM
From: The Barracuda™
   of 46
 
John, until you sell the shares you won't be able to get the tax loss for you tax return. You can always sell them and buy them back in 31 days if you think the price is right. The shares are currently bid at 1/2 - 1 1/4 How many you want to sell?

Robert

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To: The Barracuda™ who wrote (28)8/23/1997 5:15:00 PM
From: John M. Allen
   of 46
 
Well now, Robert, let's see. 353 shares at .50 = $176.50. After commissions and my gas to go to the bank to cash the check , I should have, oh maybe, a hundred bucks or so. I could write off my loss and then buy back the shares at 1.25 for a total of $441.25 plus commissions and a stamp to make the payment. Hey, then I could again sell at .25 for another tax writeoff. Perfect! Don't know why I didn't think of this before! Thanks!

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To: John M. Allen who wrote (29)8/23/1997 11:27:00 PM
From: The Barracuda™
   of 46
 
Hello John:

I don't know what you tax loss is on the Warehouse but if it's large enough, it would pay to do this. Also, the shares are dead right now you might be able to get them cheaper (or maybe not) later.

The tax side if you have a $10,000 loss and it's short term this would yield about $3300 in tax savings. If you wanted to own 1000 shares of ngld at 1.25 the cost would be $1250. So by my math $3300 - $1250=$2050

Something to think about.

Regards,
Robert

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To: The Barracuda™ who wrote (30)8/24/1997 2:13:00 PM
From: John M. Allen
   of 46
 
Thanks, Robert: On the serious side, what you say makes perfect sense. I will indeed check it out. This was IRA money so I'll check with my CPA. Thanks again.

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