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With talks on restructuring Greece's debt mountain still deadlocked, and the exit of one of more countries from the euro seen as a small but definite possibility, funds are modelling scenarios ranging from a 50 percent slump in European stocks or a 45 percent fall in the oil price to a 30 percent rise in gold.
with BHP on board the sp would rocket. im intrigued and slightly concerned, hope its good news
What would happen to these shares if we had BHP on side.Stay positive not negative.Posh.Nosh.POW.
WMC Resources Limited.They had NGL at one point.I think I am right in saying. They were an Australian diversified mining company, formerly listed on the Australian Stock Exchange. WMC was an acronym for Western Mining Corporation. It was delisted on 29 June 2005 following a successful takeover by BHP Billiton.It would be nice if they came on board with us as a partner etc.Just me finking out loud.DYOR.
Suspension on ASX Norseman Gold, the AIM-listed and ASX-listed Australian gold production and exploration company, announces that it has today requested and been granted a voluntary suspension of its shares from trading on the Australian Stock Exchange. The Company's shares have not been suspended from trading on AIM. Under ASX rules a trading halt can only last 48 hours and then the company must seek a suspension of its shares if the conditions which originally brought about the trading halt still apply. As referred to in the announcement of 30 January, the Company had previously anticipated making an announcement with respect to its operations and corporate restructuring at Central Norseman Gold Company Ltd by today but now expects to do so by 6 February 2012.
Its on the Australian Stock Exchange (ASX) They need a few more days.OK by me.I can Waite and be patient its only a few more days.This could be a big deal.who knows.I follow my instincts and do my own research don't listen to rampers or de rampers. I am staying with NGL.Large amount of shares traded over the last few days.
ASX does not say 6th february. Where is the news from?
ASX is open but NGL still suspended waiting for the announcement.
Announcement delayed until the 6th February. Typical NGL.
When what who etc?
i'm guessing that the retrace is due to profit taking which is fair enough after such a rise of late but i'm hoping that the news will be good and the sp pushes ahead towards tp1s short term target of 25p.
strange name? Anyway, yeah I'm in and hopeful for tomorrow. It looks like a good punt with a better than 50% chance for quick rise tomorrow.
buy on rumours! gain, gain, up up and UP
this will be a long steady gain today, expecting finishing above 7.2-7.5p. Market can over-bought or over sell, market hardly get it wrong. GOOD NEWS!
Company is in discussions with a potential strategic partner looking to take an active role in the development of Norseman Gold. The potential partner has experience in operating at Norseman, and therefore understands the mines, the ore bodies and their potential. Any speculation who this potential partner is? I believe Western mining ran this before Western was taken over by BHP Billiton, I dont think they it would be BHP but if it was could in for a big rise when RNS comes out .Anyone done any research on this share?
750.000 buy at close some ones very confident ...
Will this mean Mr Cahill? will be no longer in charge of production?
The detail will obviously be crucial
Why suspend trading only in Oz?
NORSEMAN GOLD PLC ('Norseman Gold' or 'the Company') Trading Halt on ASX Norseman Gold, the AIM-listed and ASX-listed Australian gold production and exploration company announces that it has today requested and been granted a trading halt from its shares on the Australian Stock Exchange pending an announcement with respect to its operations and corporate restructuring at Central Norseman Gold Company Ltd. The Company's shares have not been suspended from trading on AIM. As announced on 22 December 2011, the Company is in discussions with a potential strategic partner looking to take an active role in the development of Norseman Gold. The potential partner has experience in operating at Norseman, and therefore understands the mines, the ore bodies and their potential. The Company anticipates making a further announcement by 1 February 2012.
http://www.investegate.co.uk/Article.aspx?id=201201300800023698W
bet that 5mill seller is kicking him/herself now......gla.......
"Norseman Gold. If I had to go for a tip of the year it would be 2011's gold dog of the year Norseman. Yes the old management team messed up at almost every conceivable level. And that is why the shares languish at 5.125p which - on a fully diluted basis - values Norseman at £27 million. In calendar 2012 output will be 100,000- 110,000 oz at an average cost of, say, $800.On a $1600 gold price that means free cashflow after PLC costs of £40 million plus. On a multiple of even 3 that implies a share price of 23p. On a $2000 gold price and a multiple of 5 as the sector is re-rated you can treble that or more. Clearly this company's record of non delivery is spectacular but with its founder management team back in charge and a monumental margin of error the risk/reward trade off is spectacular. Target price ( for starters) 25p."