norton seeking acquisitions in australia, page-2

$25 million advanced by Xijin, probably in preparation for NGF's next acquisition, most likely to be one of the Barrick projects.

NFG MD is a former manager of Barrick projects.

Which project are they most likely bidding on?

There is some competition going on for the Barrick projects, with Barrick's JV partner (on one project) also in the mix.

NGF producing ~150,000oz/yr, targeting ~300,000oz/yr by 2015 through "acquisition".

Might be in a trading halt soon.

Gw