Share Name Share Symbol Market Type Share ISIN Share Description
Norseman LSE:NGL London Ordinary Share GB00B2N7FW85 ORD 1.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.575p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 29.5 -41.2 -14.4 - 28.77

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Date Time Title Posts
26/4/201615:39Norseman Gold, can they turn it around8,021.00
03/2/201500:16NORSEMAN GOLD PLC -- ASX:NGX -- AIM:NGL426.00
04/1/201222:48Norseman-Gold tipped to breach US$2,000 this year-
04/10/201112:54GOLD versus Currencies4.00

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Norseman Gold (NGL) Top Chat Posts

DateSubject
02/2/2015
11:49
the stigologist: This encapsulates the above mug and his 'trading prowess'. It might not like the truth but the mug punter Noirua is hoist by his own petard. Sold OXS at 2p and bought SGZ at 1p+ A week later OXS at 3p and SGZ halved. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:33:01 - 486431 of 487705 SGZ - Brokers wants 1.35p as orders come in. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:30:45 - 486429 of 487705 SGZ, looks last calls under 1.2p for Scot's goldie. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:27:33 - 486427 of 487705 Scotgold SGZ looking cheap on wee Scottish gold that commands a premium, not near that of some Welsh gold however. May attack the 2p level this week, target today just 1.5p. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:17:01 - 486423 of 487705 SGZ Scotgold, all flags up... Oxus 2015, awaiting merits and quantum - OXS Noirua - 26 Jan 2015 - 11:08:25 - 12702 of 13309 I suppose the market can see a wad of shares sitting there that could be drip fed into the market, maybe it wont happen, however, far better to hold free options... Oxus 2015, awaiting merits and quantum - OXS Noirua - 26 Jan 2015 - 10:55:53 - 12697 of 13309 GS, the share price of OXS is well down from the recent peak and the market looks uncertain free stock charts from uk.advfn.com free stock charts from uk.advfn.com
31/1/2015
23:40
the stigologist: Just a warning before you listen to any conman posing as a self-declared trading genius... This encapsulates the above mug and his 'trading prowess'. It might not like the truth but the mug punter Noirua is hoist by his own petard. Sold OXS at 2p and bought SGZ at 1p+ A week later OXS at 3p and SGZ halved. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:33:01 - 486431 of 487705 SGZ - Brokers wants 1.35p as orders come in. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:30:45 - 486429 of 487705 SGZ, looks last calls under 1.2p for Scot's goldie. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:27:33 - 486427 of 487705 Scotgold SGZ looking cheap on wee Scottish gold that commands a premium, not near that of some Welsh gold however. May attack the 2p level this week, target today just 1.5p. TOP Traders Thread !!!! - CR Noirua - 26 Jan 2015 - 11:17:01 - 486423 of 487705 SGZ Scotgold, all flags up... Oxus 2015, awaiting merits and quantum - OXS Noirua - 26 Jan 2015 - 11:08:25 - 12702 of 13309 I suppose the market can see a wad of shares sitting there that could be drip fed into the market, maybe it wont happen, however, far better to hold free options... Oxus 2015, awaiting merits and quantum - OXS Noirua - 26 Jan 2015 - 10:55:53 - 12697 of 13309 GS, the share price of OXS is well down from the recent peak and the market looks uncertain free stock charts from uk.advfn.com free stock charts from uk.advfn.com
19/9/2012
15:58
juju44: share price reactionsuggests it will not be good news
01/6/2012
14:31
ad1967mc: The move in gold is encouraging, but is meaningless if NGL continues to struggle producing ounces. I expect the share price action to be subdued until we get some clarity from management.
30/1/2012
11:32
induna123: coco, you sound like a long suffering holder that's watched the share price collapse from 70p to 5p, probably not the best person to get an unbiased opinion from, you need to look at this situation with fresh eyes. protean - 30 Jan'12 - 11:05 - 51850 of 51876 NGL was TW's tip of the year. Here's what he said: "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." A huge amount of upside still to go for if this is anything to go by.
30/10/2011
14:35
liquid millionaire: sharewinner2 - 27 Oct'11 - 19:33 - 6505 of 6529 Liquid millionaire - I have been surprised that there has not been (so far) what appears to be a immediate sell down by participants in the placing. Is it fair to assume that they have been privileged to a more detailed assessment from the company that may make them keen to hold for a bit. I appreciate that you can't speak for all but a general summarisation of your opinion. I'm sure many also participated to average down greatly. Apologies sharewinner2 but have been away from my desk. Agree with you as in most placings there is a period of indigestion. However with NGL the story that we got was seriously compelling assuming of course that NGL finally meet the targets. Also at 5p it was imho a give a way so a quick move back to 10p was always on the cards. My share price target for NGL based on the evidence and things working out according to plan is at least 30p with a year end share price target for NGL of 15p to 20p.
13/10/2011
18:17
tsmith2: look at the share price fall from a couple of weeks ago cant but feel share price were advising their clients to sell when it become known that NGL were looking to get shot of them..note 30 prbably brought things to ahead.. ironically when things weren't go as well SYP were bigging it up and now when production is finally about to hit 100,000 per annum share price are ditched!
10/10/2011
15:36
caverscarr: I have zero sympathy for anyone caught short on this over the last few days. Intellectually anyone opening a short below the 10p level deserved what they got. Frankly it was a high risk short as the share price drop looked very much like an overreaction. Technically the share price clearly had great potential for a fast pull back up to a higher trading range. Assuming the scare from the annual report was not indeed a precursor to the companies complete meltdown. Then morally to hope to profit from a drop in the price from say 8 or 9p, would have meant hoping the finances are so bad the company would have gone bust. In which case the shorts were prepared to profit from all NGL holders losing the entirety their investment. It is very difficult to have any sympathy for such people. The gloating and sheer bloody mindedness of some of the posters on here, knowing some of the readers to be holders with genuine concerns, some even forced into taking large losses. To see the same peoples joy and glee turn to fear and anxiety gives me just a little more pleasure than I already take from the recovery in the share price.
05/10/2011
15:40
wolstencroft: ballock. Yes, you put down a margin deposit of say 20% of the exposure, so you might short 1m NGL at 8p and the margin would be 20% of £80k i.e £20k However, what you put down as margin is just to cover potential losses. If NGL rises to 10p, as it has, a shorter, lets call him Evil, will have lost 20,000 on a 1m share short (as to close the short he has to buy them at 10p costing GBP 100,000 and he shorted them at a sale price of GBP 80,000, so he has lost, GBP 20,000). He thus gets no money back. But if it rises tomorrow to 12p and he has not closed his short them the loss with be GBP 40,000. If NGL falls to 0p then Evil will close his short and make a profit of of £80000. Thus the profit or loss is not relate to the margin deposit. Evil shorted Oilexco all the way to 0, BTW. Fell from about CAD 13. If you are confident of a company going bust then often its safer to bet large on say the last 8p of share price fall form 8p to 0 than it is from say 20p to 8p. The closer the share price falls to 0 the less chance of financing as the debt will be high compared to market cap.
23/8/2011
07:06
fiat lux: Thanks to daisan on 3-eyes: I was considering whether to come up with an estimate as I thought this would probably be taken the wrong way. All of these estimates are filled with ifs buts and maybes so can be very wide of the market. However, since you have had a stab, I might as well too. My assumptions: Gold price = $5000/oz A$:US$:GBP = 1:1:1.6 (could be VERY different) Cash costs = A$1000/oz (could be a lot higher if inflation truly takes hold) Production = 130,000oz No. of shares = 220m I think a share price of £1 based on the current gold price, anticipated production of 100k oz and cash costs of A$800/oz to be not unreasonable - certainly below a number of other junior producers. On the basis of a simple calculation, with the $5k/oz scenario and the same valuation basis as above, this should give a share price of around £6 per share. Not far off Tiger13's calculation. However, I consider this valuation to be very low considering the turnaround that would have taken place within NGL. If a representative current valuation of some peers available now on the ASX were used as the basis then this would double to about £12 per share. However, I firmly believe that in the type of environment assocaited with $5000/oz gold there would be a clamour for gold miners to the extent that the ratings would go much, much higher. If that is the case then the share price could easily be £50+. As I said, this requires a certain set of circumstances to come to pass and for the gold price to bubble spike with the share price of gold shares responding accordingly. Add to this the increased valuation applied to NGL as a result of actually delivering on its promises and the rise should be considerably greater than for a producer that is already respected and/or has a low cash cost base (MML is the obvious example). All of the above has happened before and is the reason I started buying gold related shares 2008/9.
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