re: Ann: Norton to raise $27.7m at 31% premiu... G'day...

re: Ann: Norton to raise $27.7m at 31% premiu... G'day able77,

Agree with your sentiments. NGF still has $15 million to come from the coal sale ($5m in Feb 2012 and $10m the following year), so this will put a big dint in the remaining $50 m debt.

Looking forward to the quarterly later this week (or Monday at the latest). It should still show a sizable cash balance, and hopefully an increase in gold production and a decrease in cost per oz (given that last quarter there was a period of downtime for mill maintenance). You'd have to think that the Chinese investors have done their due dilligence and hence the premium paid.

Whilst NGF is a higher cost gold producer, they will stand to benefit greatly from any rise in the gold price which seasonally occurs from late August.

Good luck to all holders.

Regards,

Goggo
DYOR