NORD.L Share Price (NORD)

me here

When will 'they' let this fly? "They' have over 90 percent now so what is the point of all the greed. Do "they" not know Rule # 1 from Investment Course 101 that says: " bulls and bears make money but pigs get slaughtered? Anyone out there with an opinion? Thanks

Interestingly nobody is actually posting here,

http://www.investegate.co.uk/nord-gold-n-v--nord-/rns/q3-and-9m-2013-operating-results/201310140709173999Q/

18 September 2013 Nordgold Enters into a Binding Letter of Intent with Columbus Gold Corp. to Acquire 50.01% of Montagne d'Or Deposit in French Guiana -- Montagne d'Or deposit fits Nordgold's greenfield project criteria: o Significant resource for open pit mining with upside potential o High grade non-refractory ores o Key infrastructure already in place to pursue rapid development -- Provides entry into highly prospective and underexplored region of Guiana Gold Belt -- Columbus Gold is a strong local partner with significant operational experience in French Guiana Amsterdam, Netherlands, September 18, 2013 - Nord Gold N.V. ("Nordgold" or the "Company", LSE: NORD), the internationally diversified, pure-play gold producer strategically focused on emerging markets, is pleased to announce that it has entered into a binding letter of intent (the "Agreement") with Columbus Gold Corp. (CGT: TSX-V) ("Columbus Gold") under which Columbus Gold has granted Nordgold the exclusive right to earn a 50.01% interest in certain licences at Columbus Gold's 100%-owned Paul Isnard project. Paul Isnard contains inferred gold resources of 4.15 million ounces at 2.22 g/t Au in the Montagne d'Or deposit ("the Project") in French Guiana. As part of the Agreement, Nordgold can earn a 50.01% interest in the Project by completing a bankable feasibility study (the "BFS") and by spending not less than US$30 million over three years ("the Option Period") in staged work expenditures ("Property Expenditures"), which includes a requirement for Nordgold to pay Columbus Gold US$4.2 million in cash no later than May 21, 2014. The US$4.2 million payment is due in consideration of Columbus Gold purchasing an underlying royalty on the Project. During the Option Period, Columbus Gold will act as operator on the Project and charge a 10% management fee on certain expenditures. With the exception of the mandatory US$4.2 million payment, all expenditure requirements are optional and the Agreement does not impose upon Nordgold any obligation to perform any act hereunder, including without limitation making any Property Expenditures. The parties have not created a partnership. The Agreement is subject to several conditions that must be satisfied on or before January 31, 2014, including obtaining the consent of underlying royalty holders and the approval of the TSX Venture Exchange. Rationale for the Acquisition: -- Participation in the Project is another step in the implementation of Nordgold's strategy to expand our portfolio through the development of high quality projects to deliver long term growth and value to shareholders. -- Montagne d'Or fits Nordgold's criteria for greenfield projects: o Significant resource for open pit mining with upside potential. o High grade non-refractory ores amenable to simple metallurgy. o Key infrastructu