NGF
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0.00% 25.0¢ norton gold fields limited

big fall nearly halved frm high.costs highish, page-4

  1. LSM
    1,251 Posts.
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    02/04/08
    12:37
    Post #: 3535564
    Wow, how low can it go?

    Obviously with the falling gold price it was prudent of management to lock in some long term hedge/puts. I bet the puts are starting to be worth a pretty penny.

    This will still make 7c EPS with gold at $875AU.

    Great buy here? you be the judge monkey balls.

    LSM
    NGF Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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