Norseman Gold Share Discussion Threads

[richgit] 01/9/2013 18:12

I hope Maloney has his plans set out.

The U.S is technically going bust,along with Euroland,and Gold will no doubt be through $2000oz some time in 2014

We merely wish/dream that Norseman returns to Aim.


I only have a footholding in Norseman,yet took it on the basis that
Maloney will see some way of turning those enormous "potential"assets to the good.

On that Basis I was looking forward to taking more stock eventually,as my foresight was/is that Gold will soar
and Gold stocks will soar

If they have the right news and potentials of course.

[noirua] 23/8/2013 22:53

Suspension and non-payment of fees list:

[ad1967mc] 16/8/2013 13:52

I hear that Alacer have put their Australian gold business up for sale. Their best project is located just to the north of Norseman's landholding. So it's possible that there may be some synergy, perhaps mothballing the Pheonix mill and using the newer Higginsville plant instead. Plus you'll get the additional benefit of multiple underground mines, which should allow for greater operational flexibility.

Of course this is idle speculation. It may not fit with Maloney's strategy. It also wouldn't come cheap. Maloney may need the new Chinese partner to stump up a lot of cash.

[noirua] 04/8/2013 14:37

Tanking Aussie$ from 95c to A$1.125 to the greenback helps the gold sector in Australia.

[noirua] 14/7/2013 17:43

Home


Tulla Group have strangely not listed their interest in Norseman Gold Limited and Norseman Gold PLC!
Current Investments


About Us


We have a track record of success from building and growing many businesses, including The MAC Services Group, a mining services company that was listed on the ASX in April 2007 and sold to Oil States International in December 2010 for approximately $650m. Our reputation is built on longevity in the market and ethical dealings. The breadth and depth of our global network of advisers and industry experts ensures we have access to the best people, ideas and expertise.

We like to work with the founders and management teams of businesses for the benefit of all shareholders. We are patient investors and maintain the highest levels of integrity in all of our interactions.


Norseman Gold PLC - Tulla Resources Group Pty Ltd

[p3dr036] 12/7/2013 13:31

Ditto!!
Peter

[richgit] 09/7/2013 20:30

Thanks Noirua.

[noirua] 08/7/2013 12:48

All future Announcements from Norseman Gold PLC will appear here:
NORSEMAN GOLD PLC (NGX) - ASX Listed Company Information Fact Sheet


Printing in header improved. To be updated in the coming week.

[noirua] 29/6/2013 22:51

"Incredibly Bad Sentiment" Makes Gold & Bonds a Buy Says Marc Faber, as All Assets Sink Again | The Daily Gold


sagging Aussie$ helps gold miners:

[noirua] 21/6/2013 03:29

Tanking Aussie$ cheers Tulla no doubt. Offsets the gold price fall:

At 0700 AEST on Friday, the local unit was trading at 91.98 US cents, down from 92.29 cents on Thursday, after hitting a 33-month low earlier in the morning.

News: Australian Stock, Share & Commodity Markets News - Tradingroom.com.au

[noirua] 20/6/2013 01:12

The weaker Aussie Dollar will help to offset the falling gold price. Tulla need all the time they can get on Norseman.

A$1.086 to the US$1.00 is a fall of 15% from the high point in 2012. With gold at $1,300 per ounce an exchange rate of A$1.23 would equal A$1,600 per ounce - what Norseman need.

[richgit] 11/6/2013 22:29

Noirua

I am relying on you to find snippets about Norseman as I am admittedly
being lazy.

Damned shame they couldn't have remained on AIM so we could easily observe
the situation and buy more if things looked promising.

The Gold stocks that survive this period could be immense multi-baggers
and maybe the window of opportunity to buy such capitulation levels will start to close around August.



.



.

[noirua] 10/6/2013 23:26

...with bearishness peaking, now is the time to get into gold stocks -

[p3dr036] 07/6/2013 18:14

The interview you cite was dated July 13th 2012 and it WAS a Friday!!

[noirua] 07/6/2013 13:35

Is this still the great man's plan?: Norseman Gold has "great future", says new chairman Maloney as he spells out plans - Proactiveinvestors (UK)


The project, which covers 2,360 square kilometres of Western Australia's Norseman-Wiluna greenstone belt, ultimately has the potential to be a 3-400,000 ounce a year gold producer, Maloney reckons.

"We require the right people to go in there and sift through the information, prioritise the targets and then work on it to put together a strategy and a plan to turn it into a 300-400,000 ounce operation."

The current resource of 3.4 million ounces hints at the huge potential of the Norseman ground.

However, it requires a well defined strategy to exploit these eight decades of records to their full potential. Again it is a case of having the right process in place. 

[noirua] 01/6/2013 00:49

Index Signal List


"We require the right people to go in there and sift through the information, prioritise the targets and then work on it to put together a strategy and a plan to turn it into a 300-400,000 ounce operation."

[shwetal] 30/5/2013 22:36

Thank you Noirua. I think that might be the way forward. Wait & Watch rather than Haste & Waste.

[shwetal] 30/5/2013 22:35

Thank you P3dr.

[noirua] 30/5/2013 11:49

Just wait patiently and leave things as they are. That's what I am doing anyway.

Don't switch to a shareholding in your own name as it will end up as an 'Issuer Sponsored Aussie holding' and it will have to switch to a 'broker sponsored holding' to enable you to sell: That takes 6 to 8 weeks and costs up to £150.00.

If your broker doesn't deal in Aussie ASX shares then I'm afraid it's tough luck, I think.

[p3dr036] 30/5/2013 09:04

TD not RD!

[p3dr036] 30/5/2013 09:03

TD trade in ASX stocks. So if/when Norseman relists on the ASX, you should be able to trade OK. Why not ring RD who would be able to clarify. P3

[shwetal] 29/5/2013 22:23

So, in a nutshell, we can hope for NGL to get listed back on ASX again (if not LSE) soon then !

I have a bit of holding for NGL on LSE, so not sure what to do !

Not sure TD will give me the certificates for that !

Any sincere thoughts here !

[hopefull_trader] 29/5/2013 22:12

wow. the gold price chart is an inverse of the sharprice. WTF

[noirua] 28/5/2013 16:45

The Aussie dollar has fallen and the gold price is not far off that when at US$1,650 per oz in Aussie dollar terms. See header charts.

Link added again for reference for new visitors:


 Discussion with the Australian Securities Exchange (ASX) on relisting of Norseman in
Australia following the lodgement of all required documentation and upon the
recapitalisation initiatives being sufficiently progressed
 The Company has been de-listed from the AIM stock exchange. Given costs associated with
re-listing on AIM, the Company will focus its efforts on re-listing on the ASX with a view to
assisting UK based shareholders at the appropriate time to transfer their holdings to the
ASX.
Recapitalisation of Norseman
 The major shareholder and lender, Tulla, has funded the business through the
administration process given the deterioration in revenues associated with the changes
made during the administration process. Tulla remains supportive of the initiatives currently
being undertaken by the Company.
 The Company remains engaged with other secured lenders, including convertible
noteholders, and is focused on securing their ongoing support to implement the initiatives
being undertaken.
 Further work is being undertaken to position the Company to attract capital to facilitate
both a de-leveraging and funding of the turnaround plan. Updates on this will be made in
due course.
Chairman Kevin Maloney commented, "The last 9 months has been difficult for all involved.
However, we are confident that with the new management team in place and the resultant better
definition of high grade underground and open pit areas and the identification of new exploration
targets proximal to the current working areas, that these initiatives will enable the operation to
return to running at breakeven in the short term and set the foundation for future success."
The current management is comprised of:
Brian Micke – General Manager
Dave Foster – Chief Metallurgist
Bob Watchorn – Consulting Geologist
Further updates will be provided as soon as relevant information becomes available.
Enquiries:
Fraser Neill [phone]

[splendour10] 28/5/2013 12:30

Agreed entirely. NGL seems to be moving slowly but steadily, so hopes high with a view to fly.