Norseman Gold Share Discussion Threads

[noirua] 16/1/2015 21:56

P3dr036, We are close to A$1,550 per ounce which is not that much lower than the A$1,900 per oz high point. The operations moved into profit in the 4th Qtr 2014 and may well be set for a good 1st Qtr 2015.
It seems that the operations may well continue on and not close as forecast and Tulla appear to have beaten costs well down.
One day in 2015/2016 Norseman should be quoted again on the ASX. Before that they must have a good cash position.
2012 spelt gloom, 2013 even more gloom, 2014 started with gloom but they have beaten a track back across the wilderness to, not the, but a promising land.

Hold on to that certificate of yours as it will almost certainly be worth something. My guess is between 15% and 25% of the last closing price and if gold goes to 2,000 Aussie dollars an ounce, a lot more.

[p3dr036] 14/1/2015 17:21

Noirua

Thanks 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

[liquid millionaire] 14/1/2015 14:15

Yes Noirua [and thanks for all your input as well by the way] but do you think that us shareholders will ever see any value in our NGL holdings again perhaps via another ASX listing?

[noirua] 14/1/2015 14:06

Yes tsmith, and things are looking up for Norseman after years of worry and concern, The weak Aussie$ has made the mines profitable and the gold price is encouraging.

[tsmith2] 23/12/2014 23:03

Thanks for the update N

[noirua] 23/12/2014 22:52

Statement of Mineral Resources 2014
As at 1st September 2014

[noirua] 02/12/2014 12:44

Jetosea Limited, a major shareholder in Norseman Gold PLC - 14.08%.

Jetosea Pty Limited (84003784441) - Australia company profile at AustraliaEnterprises.com


Jetosea appear to be an investment company based in Australia.

Tulla appear to have 3.08% direct holdings.

[noirua] 02/12/2014 12:34

Annual Report to June 30 2013, but includes updates to present and a list of current shareholdings on page 52 of this report.



Notice of AGM and Explanatory Statement:

[juju44] 31/10/2014 11:50

Lets hope you are right

[p3dr036] 31/10/2014 11:32

Noirua - Thanks for keeping us up to date. Much appreciated!

[noirua] 31/10/2014 10:50

It is difficult to know yet what Tulla's position is for all this cash they piled in. They seem to be taking this as seriously as Red5 are in developing their mine after a disaster.
Tulla hold a lot of Norseman Gold PLC stock, so wont want it reduced to peanuts.


Norseman Gold Limited are to move on to low grade stock piles and tailings whilst drilling and evaluating for iron ore, nickel and gold.


Tulla usually sell up when they are well in profit - expect some exciting times ahead. They made A$600 million on one investment 4 years ago.

Some promise now!

[andy] 31/10/2014 08:23

Especially as their production costs are now below the current POG!

[liquid millionaire] 31/10/2014 06:55

Aah yes Noirua but will there ever be anything for all us poor NGL shareholders?

[liquid millionaire] 31/10/2014 06:54

Noirua 31 Oct'14 - 00:39 - 460745 of 460748 1 0

Norseman Gold PLC NGL now ASX:NGX -- Back from the dead.
Quarterly Activities Report
Company is now trading profitably with the support of Tulla


It looks like Tulla have performed a miracle and saved Norseman Gold PLC

[noirua] 31/10/2014 00:34

Quarterly Activities Report -- back from the dead.
Company now trading profitably

[noirua] 18/7/2014 09:41

Cancellation of 2013 loan notes:

Not part of above. The new very high grade nickel and copper drilling result by Sirius Resources 40Km North of Norseman Town has heartened NGX in its future drilling campaign on land owned by the company - more details very soon.

[noirua] 09/7/2014 05:31

Added to show the future exploration prospects for Norseman Gold Limited:

[noirua] 23/6/2014 17:10

Release of Accident scene at the Harlequin Mine:

[noirua] 02/5/2014 08:23

Operations Update at Norseman:

Exploration is the key. Anomily 12 could hold the grail? - coutesey of norgold on Hotcopper.

With everything falling apart in the Ukraine and gas supplies looking rocky, and even Germany as worried as hell about exports to Russia, gold and Norseman may well get a last gasp of fresh air, badly needed when those high grade pillars are worked.

[richgit] 07/4/2014 23:22

He will do His best, as He knows what is coming


The US are facing a crisis as they have now ensured the decline of the "Petrodollar"


Comparing economies and currency competing with Gold currency economics

US=$Dollar- Technically bust
Japan=Yen-Technically bust

Europe=Euro-Technically bust


Gold currency currency taking central stage in Asia as not only a potential currency,amongst others,to replace Petrodollars,but one that isn't facing printing to extinction,so a flight to safety which will spread to others.

The ECB now fretting that any more flight from $Dollars to Euros could bust Euroland if the Euro becomes any higher valued,so they want it,relatively,trashed


Plus the question of how their Banks unload sovereign debt,so 2 reasons why
the Euro could be due- more printing

I assume printing into the unknown to come whilst JP Morgan ridiculously manipulates paper -Gold-Silver -Platinum -Palladium,when ABN Amro were forced to Default on Gold to their clients in 2013. Blatant fraud-same as Morgan Stanley and many others.

There will more defaults to come,unless they are covering them up.

We all wonder why Banker deaths keep hitting the headlines
.(Suicides or Murders?)

[noirua] 31/3/2014 11:06

Harlequin Mine is due to reopen next week:


[may require Adobe default to open file)

Header is being updated. - some information has become a bit dated with time. Basically, Norseman blunder on hoping to make a profit from the remaining gold in the old mines.
Tulla continue in support with no signs of throwing in the towel and could still move to exploring - keep your fingers well crossed though.

[noirua] 16/3/2014 00:10

P3dr036, I also hold quite a lot of shares in MML. The gold production should push on well in the next two years and costs around $400 per ounce could make this a sparkler.
On NGL, I cant see Tulla taking continuous losses here though they could bring in Chinese cash to explore the area. Norseman is close to the Fraser Range with the big strike at Nova - there are also coal reserves or iron ore.

[p3dr036] 15/3/2014 10:47

Thanks for that, Noirua!

I hold my paper certs in hope. But I expect little return.
Indeed I think that this will turn out to be a total loss to Private Shareholders.
Pity but there it is.
At least one of my other "goldies" [Medusa Mining] is starting to pull back after their re-development programme.

All the best

p3

[noirua] 14/3/2014 23:32

Company Operation Update - 14/3/2014:

Open in Adobe Reader if you have PDF problems.

Basically, mining will recommence at Bullen Underground next week

[noirua] 19/2/2014 10:46

Update on fatality at The Harlequin mine. Mining underground at Bullen and Harlequin are suspended. Mining continues at North Royal Pit and the mill: