MORE ON NG
NG is engaged in development and exploration of gold and silver in Alaska and British Columbia. 52 week high for the stock is $14.02. Yesterday we recommended a 10% tranche at $7.12. In our view, NG is a take over candidate. It has long been on our list to buy, but never hit our buy zone. Our buy zone has been at $6.25 to $6.56. Yesterday, we raised the upper band of the buy zone to $7.30. There were three reasons for this change. First, there were persistent rumors of interest by ABX to buyout NG. Second, Electrum a New York based firm