Norseman Gold Share Discussion Threads

[noirua] 30/4/2013 15:50

Norseman Gold (NGL.L) on AIM Soirée

[noirua] 30/4/2013 14:54

The position of Norseman Gold PLC shares on the ASX is a bit different than AIM and the shares may eventually trade again providing the various 3 monthly, 6 monthly and Annual Reports are received by the ASX. The company would have to prove it has sufficient cash available.

All shares in Norseman Gold PLC are likely to become 'Issuer Sponsored' if the company moves solely to trade on that market.

Norseman Gold Limited is bankrupt but not Norseman Gold PLC.

A statement said to be from the Nomad that you would have to transfer your shares to the ASX is not correct. From past experience when a company cancels its London quote the transfers are automatic. ( I particularly note Woodside Petroleum, St Barbara Mines and Auiron Energy).

[noirua] 30/4/2013 13:24

Norseman Norseman Gold PLC DOCA Update


The AIM market charts are removed as the shares are cancelled as of 7am tomorrow.
Header being adjusted.

Further information including updates are available on the company's website at

Will add further information as announced.

[fangorn2] 30/4/2013 11:09

Norseman Gold Plc ("Norseman" or "Company") is pleased to announce that the Deed of Company Arrangement for its principal operating subsidiary Central Norseman Gold Corporation Limited has now settled and the administrator is proceeding to effect distributions to creditors with immediate effect.

The ordinary shares of the Company remain suspended from trading and pursuant to AIM Rule 41 will be cancelled from trading on AIM with effect from 07:00 on 1 May 2013.

[giant steps] 30/4/2013 11:01

NGL reminder

Shares remain suspended - AIM cancellation 1 May 2013.

RNS 30th April 2013

[noirua] 08/4/2013 21:49

NORSEMAN GOLD PLC - re: Ann: Notification of major interests in ... - ASX Symbol NGX - HotCopper - Australian Stock Market (ASX) Forum


Airleg mining is to commence at Bullen on Wednesday 10th April 2013 -- plans to increase capacity later [things are looking up]

[noirua] 08/4/2013 21:41

Unfortunately Hotcopper gave up on the new format and went back to the old one again. It appears few could find the posts and they forgot to mention the password was now in upper and lower case.
Interesting thanks.

[noirua] 04/4/2013 14:05

ad1967mc, Hotcopper have moved to a new format and link only goes to introduction page.

[ad1967mc] 28/3/2013 14:57

I have no idea whether this is actually true...



... but if it is, then it may give some mild encouragement to long suffering holders.

[noirua] 27/3/2013 22:40

News Item : Eric Sprott's silver lining to banking crises

[noirua] 23/3/2013 11:00

Norseman Gold (NGL.L) on AIM Soirée

[noirua] 20/3/2013 09:51

Norseman Norseman Gold PLC DOCA Update


Some trades are shown at times as investors close positions via application to LSE:

[juju44] 20/3/2013 08:20

so we can expect news today ?

[giant steps] 12/3/2013 16:06

Yep, will be a few passengers

RNS 12th March 2013

[fangorn2] 12/3/2013 12:51

Norseman Gold PLC DOCA Update

[parsons] 12/3/2013 12:47

Good news I hope this means that the shares will be requoted and we live to see another day !!

[p3dr036] 09/3/2013 13:54

But perhaps a patron saint of Shareholders might be better!! Time will tell.

[p3dr036] 09/3/2013 12:33

I do hope that you are right, Noirua. I shall be thinking of St Barbara.

[noirua] 08/3/2013 23:50

I sense that once all the loan holders, not sure if there are others or not, are satisfied, then it just leaves shareholders remaining. At this point trading in NGL shares can start.
There are previous losses that can be used, hopefully, against a major asset sale.

Unlike some, I do not expect a big dilution in the shares as Tulla would be diluted as well.

St Barbara, patron saint of miners, may shine on us yet.

[noirua] 08/3/2013 19:27

Norseman Norseman Gold PLC Meeting of convertible loan note holders


Strange Tulla allowed this to happen. Smacks of 'post out the info and hope for the best'. Just not good enough.

[crossfirecssf] 08/3/2013 14:22

What's the deal? Yahoo finance saying NGL shares are up 10% today on 500,000 shares. Are we trading again?

[noirua] 08/3/2013 12:24

Norseman Norseman Gold PLC Holding(s) in Company


Norseman Norseman Gold PLC Director/PDMR Shareholding


Another one of these off-market trades again this morning. Not quite sure what is going on.

No real rumours but speculation on Aussie boards that Tulla are maneuvering for a big Chinese deal at a good profit to them. Nothing like they wanted but their track record on impossible style deals is magnificent -- they always want an eventual cash payday deal.
I expect them to be near 30% shortly, from memory, about 4.3 million ounces at 4.3 grammes per tonne is workable for a mega-rich partner.
My guess is they'll go for about $30 per resource ounce, about $128 million -- miles above TW's estimates.

My target is 4p or even as high as 5p.