I rather clever fellow with a special track record put me onto Norton before Christmas. I went away, just got back and I've spent the last few days researching Norton and cold calling all the Directors and CFO. Still need to speak to one of them but felt confident enough about what I heard earlier today so picked up a fair few at 46 / 46.5 and feel very happy with the decision.
Norton certainly have a management team with a great track record, they seem very conservative in their reporting, have cash in the bank, an interesting ability to raise $$$ and a few very interesting projects. Wouldn't surprise me if their coal assets even prove to be a winner.
Hedging does not help them but they didn't have any choice as far as I can see. If gold stays around where it is at the moment then 12 months from now we should all be happy.
Cheers
DYOR, I also hold; DML, CAS, MUN, PRU, AVO
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