Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Michael McLintock’s M&G Investment Funds Disclosed 5.14% Passive Stake in $NG

Michael McLintock’s M&G Investment Funds gathered 5.14 % of the Novagold Resources Inc. after the transactions placed on October 20th. M&G now holds 12.25 M shares of the company. The stock currently trades at $ 9.87, and lost nearly 26% so far in 2011. M&G did not have any NG shares at the end of Q2.  M&G paid less than the current market price of the stock on the date they acquired NG.

NovaGold Resources Inc. (USA) (NG)

There are some other funds that are bullish about Novagold Resources Inc. John Paulson’s Paulson & Co has the most shares of NG, that is 20.18 M. Peter J. Eichler Jr. has the second largest chunk of shares with nearly 16 million shares. John Griffin’s Blue Ridge Capital has more than 7 million shares. Richard Chilton had 6 million shares in NG at the end of June.

M&G Investment Funds was established in 1931 in United Kingdom. M&G operates in more than 8 countries. The firm’s offer of straightforward products helped it manage more than 200 billion UK pounds. Firm’s main strategy is to understand the structure of the company they invest. Now the firm is being managed by Michael McLintock who had graduated from University of Oxford with a first class honors degree under Modern History and Economics.

According to Yahoo Finance;” NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral properties primarily in North America. The company primarily explores for gold, silver, copper, zinc, and lead ores. It holds interests in the Donlin Creek property covering 81,361 acres and the Ambler property comprising 90,614 acres located in Alaska; and the Galore Creek property comprising 293,838 acres located in northwestern British Columbia, Canada. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.”

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!