too harsh?, page-3

Thnx Alhart

very poor research on my part, hadn't noticed the first raising in Oct of $18m now another $16m all within 6 months and both at 45p. That's some sales job!

Also 47m new shares which is about a 25% dilution pre October.

So I can see how long term holders would feel a bit miffed.

Watched a couple of Barry Cahill YouTube interviews. Norseman Gold is obviously a pretty happy place - except for the share price, that is :)

First got on my radar mid last year in a report I came across from Sprott Assett who likened it to sliced bread.

Something like 40% of shares are held by Sprott and UK Funds and 5% by JD Slater and Family.

Found a bit on Mr Salter and his family here:

http://www.jimslater.org.uk/
http://www.slaterinvestments.com/team/

They appear to have picked up another 3m shares in the last raising (while Sprott diluted) and maybe some more this time? So there appears to be a pretty solid investor base.

As you say, pity about the dilution for the hoy polloi.

Thanks for your thoughts. Be interested in any others.