Ann: PNR: Merger and Capital Raise Presentation, page-4

What a mess. PNR and TUL have made a real meal of Norseman.... I wrongly believed they knew what they were doing. After all the money SHs will have pumped into the Norseman to get it restarted I reckon later in the year the company will just get taken over by a more competent operator.... who will turn it into a very profitable mine. It is primed for the likes of SLR to swoop in and claim the prize (similar to their play for Deflector from Doray).