NGF 0.00% 25.0¢ norton gold fields limited

Ann: Chairman's Letter to Shareholders , page-4

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  1. 37 Posts.
    couple of comments i worry about.

    1./"The (spot) gold price not falling below A$1,400 for any 72 hour trading period before 30 November 2012. "

    That means we may not see any money until December and

    2./"Zijin has agreed with Norton that the aggregate offer period will not be longer than six months."

    from what date??

    I think if there was an alternative buyer they would have fronted by now. This has been very frustrating. still made a gain which in this market is a plus but there was more upside in this. Unlike the chinese our directors are too short sighted but that is not helped by ASX and Corporate legislation which generates a short term corporate thinking culture .Think it might be time to bail and reinvest in other stocks while the ASX is at these levels


 
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Currently unlisted public company.

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