The best marketing it can have is meeting its growth and cost targets. Everything else will follow from that.
On the other hand if it aggressively "markets" itself and does not meet its targets then there will be far less trust later on when they do meet their targets.
In any case they are starting to make presentations and there are increasing newspaper reports on them and their longer term plans. Geting overseas buyers interested as shown by their recent ASX notice is a strong indication that they are on the radar screen.
Canny local investors who do independent research are clearly buying NGF, and some brokers are now more comfortable recommending them as evidenced by the price spike after the Q3 2009 report. What hurt NGF were the Q1 and Q2 2009 reports, with a massive cost blowouts. It is necessary for a rebuilding phase to take place, and I expect we will see strong gains by the end of the year/early 2010 (AUD gold price willing).
I think the small Australian investors who look to well known names have probably passed them by at this stage. They will buy when all the goldies are really running hot and the long term holders are selling out with their bags full.
I suspect that the two main shareholders may still be wanting to reduce their stake in NGF to apply some funds elsewhare. This will dampen its price movement.
I am looking forward to the Q4 2009 report, and the next year of increasing production. We are a world away from late 2008/early 2009 when there seemed some likelihood that NGF had gotten itself into a real bind. NGF's management compares very favourably with those of OZL and KZL that bit off more than they could chew.
loki
NGF Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
