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


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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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To: John M. Allen who wrote ()8/27/1997 11:25:00 AM
From: The Barracuda™
   of 46
 
John, NGLD now has a bid & ask of .81 x 1.0

I got a fax yesterday from IBK Capital Corp that suggests that NGLD is currently in negotiations (reading between the lines) to finance the start up of mining in Nevada and California

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To: The Barracuda™ who wrote (32)8/27/1997 12:12:00 PM
From: John M. Allen
   of 46
 
Damn! Bid, Ask, and Volume!

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To: John M. Allen who wrote (33)8/27/1997 5:53:00 PM
From: The Barracuda™
   of 46
 
I'll take what I can get.

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To: The Barracuda™ who wrote (34)8/27/1997 10:22:00 PM
From: John M. Allen
   of 46
 
Is that you buying all these shares?

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To: John M. Allen who wrote (35)8/28/1997 12:37:00 PM
From: The Barracuda™
   of 46
 
yes that was me. I tested the market yesterday by selling 2000 shares at market; before there was the bid/ask posted, a 100 share sale would break the stock, so to test the depth I sold 2000 at mrkt and they were taken up. I then bought the 2000 shares back and 5000 more.

New Gold is currently working on getting financing for their NV and California gold mines into production; if they are sucessful, I think that there will be a positive reponse by the market to the companies efforts.

I don't know who did the other shares.

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To: John M. Allen who wrote ()8/29/1997 11:18:00 AM
From: The Barracuda™
   of 46
 
Hello John:

I got the following from IBK and am still trying to figure out how to open the data files; when I find the solution I'll post them.

Summary Description of NewGold

NewGold is a U.S. based mining company with a focus in Nevada. The Company's objective is to acquire and develop mining projects in the United States with the goal of becoming a senior producer and offering superior returns to its shareholders.

NewGold is currently focusing on the Relief Canyon mine located near Lovelock, Nevada. As of this moment, the Company is securing bids for contract mining of the site and these will be decided upon by September 20, with movement onto the site to occur by October 1. Relief Canyon has a current reserve of approximately 700,000 gold ounces and the Company is looking to produce 50,000 ounces in 1998, ramping up to 100,000 ounces in subsequent years. The project currently has a 4 to 5 year mine life and NewGold plans to undertake an aggressive drilling campaign beginning next year as well. The drill program the Company is developing is projected, over the course of the next 4 years, not only to replace the ounces being mined, but to add an additional 300,000 ounces to its reserve base.

NewGold's other mine project is located in southern California. The Mission Mine is a small-scale underground project, which will be brought into production by the end of this year. Production is projected at 25,000 gold ounces in 1998.

NewGold maintains a technical staff capable of all phases of mining operations. All of the Company's technical staff has worked for major producers in the United States. The Company develops its own projects from design engineering to building of the processing facilities to running of day to day operations. Being located in Reno, Nevada also provides the Company with a vast resource from which to draw experienced personnel in the future.

NewGold's share structure currently stands at 18,700,000 shares outstanding with 5,000,000 of those shares being freely traded. The remaining shares are closely held. NewGold trades on the NASDAQ national market under its trading symbol NGLD.

In the current market of skepticism regarding junior and/or "exploration only" mining companies and considering the present trend in gold prices, NewGold believes that it has both the real properties as well as the vision and "lean and mean" approach to operations that will cause it to succeed in the years to come. NewGold believed since its inception that the stability and security of being headquartered in the United States, as well as having real gold producing projects would pay off in the long run.

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