17c for breakout, page-12

I would have thought that if NGF was having major liquidity problems the directors would have tapped the market with a capital raise recently? Say things are bad, my understanding is that there would be a suite of options left to keep the company solvent?

Although I respect the Sons of Gwalia mention by the previous poster, I believe that is an appropriate lesson to all companies and by no means directly relevant to NGF as such.

With NGF's current market capitalisation at $86 million, there appears a strong argument that there is plenty of room for a SP re-evalution to the upside.

I am interested if anyone else has further details or thoughts on any potential or current major balance sheet problems for NGF moving forward through 2009.

Regards,

Peggs

As always - DYOR