where now for norton?

Does anyone see where NGF can go from here to get more stock?

1. Most of those that would accept 7c probably have accepted
2. Generally very small volume in the UK, none so far today, only 60k yesterday
3. Most trades in Oz over 7c
4. Last night someone put a 5million block bid at 7.1c

NGF have 14.6%, managing to convince just 5.5% to accept their offer(A poor response imo) and buying 2.5% in the market.

I don't see them getting much more acceptances and they wont get volume in the market. It's either an increased bid to try and reach the next lowest shareholder branch, or drag it out for months for another 2% or 3%. The longer this goes on with NGF not getting a substantial % increase the more time Brett has to finish some positive work.

News of the drill assay results, nano filtration, residence time recovery and lowering of cash costs may push the SP way beyond 7c regardless of NGF.

I've a limit bid in for a mere 20k at 3.94pence (7.1c) atm, but next week should have enough to increase that to 90k.