Ann: Noble raises $30m to fund extensive drilling, page-8

re: Ann: Noble raises $30m to fund extensive ... Good move by managemnent to get the placement done while market sentiment and bullishness in gold is at an all time high.
This has allowed them to raise a significant amount of cash at a small discount of 5% to the previous days close.

Now cashed up and about to embark on a very aggressive drilling program. Even though these guys have proven gold reserves the market seems to get much more exited when the drills are going. It brings the excitement factor back to noble and good results will highlight how undervalued this stock is to relative to its peers.

This was definately getting capped and accumulated since the mid 30s - with a placement now out of the way the incentive to hold it back has disappeared, buy v sell depth looking very positive.

Let the re-rating begin!