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Transaction Details

Company: Northgate Minerals
Ticker:nxg
Yahoo Beta:2.69
Industry:gold

Company Description:  Northgate Minerals Corp. owns and explores gold and copper mines in North and South America. The company is based in British Columbia.

Purchase Date:26 Apr 2006 Sale Date:19 Apr 2007
Purchase Price:$4.01 Sale Price:$3.77
  --Split Adjusted:$4.01  --Split Adjusted:$3.77
Shares Purchased:2500 Shares Sold:2500
  --Split Adjusted:2500  --Split Adjusted:2500
Transaction Fee:$354.33 Transaction Fee:$363.95
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$3.85 High$0.00
Date25 Apr 2006 Date01 Jan 1996
Low$1.29 Low$0.00
Date10 Nov 2006 Date01 Jan 1996
S&P (Purchase Date):$1,305.02 S&P (Sale Date):$1,470.73

Purchase
Timing:  We bought at the all time high.
Reason:  Commodity prices have appreciated steelply this year, and we have had comparatively little exposure. The low share price allows us to take a substantial bet, with the possibility of significant short term gains. The company has a strong balance sheet and has some promising new mines.

Sale
Timing:  We sold near the six month high.
Reason:  After buying NXG at the peak of gold prices and losing a significant amount, gold prices have begun to rebound. We do not believe that gold will appreciate significantly over the forseeable future, and believe it would be better to invest in something with better growth prospects.

S&P Gain: 12.7 % Annualized Gain: 14.28%
Stock Gain: -6.11 % Annualized Gain: -6.8%

Dividends:$0.00
Net Holding Return ($): $-1,330.78
Net Holding Return (%): -12.82 %