I'm starting to lose track of events now. The administrator was supposed to be working to hand back Norseman Gold Limited to Norseman Gold PLC; and it appears that Tulla are still financing events.
IF the proposal to explore for further Gold, coal and iron ore goes ahead, I take it Tulla are hoping to see some profit from the winding down of the existing mines.
When NG Limited is returned to NG PLC, I wonder how much cash will be available to carry out exploration?
Tulla cant possibly be doing all this as a charitable exercise and I'm wondering quite what they are working towards?
NG PLC is based in the UK with no market quote there any longer. It would, imho, be the decent thing to eventually move everything to Australia.
NGX Price at posting:
4.1¢ Sentiment: None Disclosure: Held
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