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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Norseman | NGL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.575 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.575 | 2.575 |
| Top Posts |
|---|
Posted at 14/1/2015 17:21 by p3dr036 NoiruaThanks from me also for keeping us up to date as you do. However do you think that there is ANY possibility of small investors like us seeing a return on our investments? Will the paper share certificate ever be worth anything? I suspect we'd need gold at a much higher price than the current US$1220 or so. But perhaps I am being pessimistic! Happy New Yeat ro all. Peter |
Posted at 14/7/2013 17:43 by noirua HomeTulla 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 |
Posted at 02/5/2013 15:19 by noirua No announcements from the ASX as yet or acknowledgement of them in London. It can only be guessed at as to any talks about this quote but the uncertainties remain and suspension is likely to continue for a long while.The ASX allows trading halts and suspensions far more easily than the AIM market. Upside is that Tulla have a big holding in Norseman Gold PLC and a Chinese investor has an interest. So that is very favourable. The value to an ordinary shareholder depends solely on Tulla and the Chinese. I am trying to work out where the loan that Tulla took over of $25 million sits. As NGL paid towards finalising DOCA they must surely seize part of the value from the receivers of Norseman Gold Limited. |
Posted at 02/5/2013 10:01 by hpcg Once again TW misses the point. The mistake for investors, myself included, was to conclude that the upside this marginal resource had from gold price gearing was more than sufficient to cover for and exceed the operational risk. This could be said of many oil, gas, iron, whatever resource companies who happen to be on AIM. The correlation is not with AIM, simply that junior companies tend to have low quality resources.My mistake here is that having been initially encouraged by Slater senior as to the merits of NGL, I did not dump at the same time as he did because one of the foundations of my investment case was shot to pieces. In hindsight the multiple failures on the operation before should have been a red flag. Whilst not a universal view by any stretch, my personal opinion is that blaming poor management for every occurrence is too simplistic. My premise is that the only difference between good management + marginal resource and bad management + marginal resource is the time it takes for the project to fail, not the ultimate outcome. I say my premise, it's really a rehash of what Brent Cook has to say, and he knows an awful lot more about mining than I do. Yes Atlantic, I would assume no further value. If not then consider that the only time NGL exceeds expectations! |
Posted at 01/5/2013 09:43 by noirua No mention so far of events happening here, on the ASX.I did own shares in a company that became unquoted in Australia. The problem was that shares could not be traded and what's more, it was not possible to transfer holdings - even held frozen in the event of the holders demise. [however, NGL have not made any announcements about their ASX quote as yet] We need to wait now and see how the administrator disperses the assets. This may not take all that long. I'm unsure about the position of Tulla Group in all this or the exact shareholdings of Tulla or a Chinese investor. Tulla were paying the administrators costs and this was not a charity exercise, it must have been to insure they get all or most of their money back. Tulla have a large loan they had transferred to them in an early agreement - $25m, from memory. |
Posted at 20/3/2013 09:51 by noirua Norseman Norseman Gold PLC DOCA UpdateSome trades are shown at times as investors close positions via application to LSE: |
Posted at 14/12/2012 07:21 by miti 1000 TW's record of investing is awful...period..NGL the latest in a catalogue of disasters .He ought to just follow EK rather than fleece novice investors by charging them subscriptions. |
Posted at 28/11/2012 13:05 by noirua TW in his article chooses not to discuss the debt and the order of the unsecured debtors: A factor I believe is very important and the reason there have been extended delays.I'm also uncertain of the position as to Tulla paying the administrators costs and whether Harlequin ongoing development costs are included. I remain confident that both NGL/ASX:NGX will continue as will subsidiary Norseman Gold Limited. As to a share value for NGL or even cash left over: That is a guess too far for now. Hope it works out for investors -- good fortune. Harlequin Mine Wikimapia - Let's describe the whole world! AGM - Norseman Norseman Gold PLC Notice of AGM |
Posted at 28/8/2012 11:56 by crossfirecssf Apologies for the mistake regarding the forecast Richgit, but the wider point remains. It would appear that the junior sector in particular feel that to gain access to clearly limited investor funding, they need to blow their trumpets as loudly as possible in order to be able to compete for that limited capital. But it's become almost a kind of tourettes syndrome.What they seem to fail to realise is that in order for investors to feel that they can part with their hard-earned funds, they need to feel that they are dealing with companies whose management they know are telling the truth to the best of their knowledge and not feeding them a line of BS. Trust is everything. I have a modest investment in Norseman to the tune of 100k shares, and believe that as one of, if not the longest running producing mine in Australia, their current valuation, even factoring in the recent debacle and appalling management, is absurdly low. I'm happy with the risk and more than happy with the upside potential should they succeed. If the new team can turn this around against the backdrop of a gold price inevitably going through $2,000 and beyond, then the multiple potential here is mind boggling, though the risk of failure is obviously very real. Really it's just a simple request to management. You have your investors in place, and you have your strategy more or less nailed down. Their will be problems (i.e. Harlequin) and we know that we could lose our shirts. But we are all grown-ups and we can handle the truth. Please just give it to us straight. You owe us that courtesy. We are, after all, the owners of the company. |
Posted at 03/9/2011 17:07 by faza3 Posted on 28 August 2011 | 342 viewsGold Bubble 2011 now Bursting and Crashing Gold has been plunging in New York on speculation that financial markets may be stabilizing, eroding the appeal of the precious metal as a safe haven. Bullion has tumbled from a record $1,917.90 an ounce yesterday - Wells Fargo & Company (Ticker Symbol: WFC) said climbing speculative demand from investors had pushed the market into a "bubble that is poised to burst." "We believe that we have reached the point where we can confidently state that interest in gold investing has reached the level of a speculative bubble," the bank's investment team wrote in a market update issued August 15, 2011 - "Prudent investors should be very wary of having substantial investment exposure to this precious metal in their portfolios." Oh, gold prices may go up again, but investment advisers and regulators are warning investors to be careful about putting too much of their money in gold. Quickly and with very little warning, the bottom can drop out on gold prices - during a six-month period in 2008, gold lost more than 30 percent of its value. In the 1980s, in just over two years, the price plummeted about 65 percent. Before the "Bursting in the Gold Market" - gold gained 31 percent in 2011 as burgeoning global debt crises and turmoil in equity markets boosted the appeal of the metal as an alternative asset. Unlike investing in a stock that pays a dividend or in real estate where you can collect rent, gold has no inherent earnings power. Investors have to hope that someone else will come along and pay more than they did - the "Greater Fool Theory" - when gold hit $850 an ounce in January 1980, it took until January 2008 - 28 years - before investors who bought at the high broke even. Investors are paring down positions in gold on expectations Bernanke will do something to boost equity prices. Investors should be cautious about claims that tie a gold company's stock to the rise in gold prices and about scare tactics that gold is the safest bet against inflation or an economic meltdown in the United States or Europe. We are seeing the exact same behavior at the height of the Tech Bubble, Housing Bubble and the Japanese Nikkei Bubble - investors need to know that gold is not a silver bullet. People want to believe there is a sure thing but there is no such thing as a sure thing. As of Friday August 26, 2011 - Gold closed at $1,697.00 per ounce. Gold is now down $220.90 or 11.5 percent per ounce from its peak set in August 2011. |
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