NGF
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0.00% 25.0¢ norton gold fields limited

hainholzWe will know for sure how the capital raising went next...

  1. loki01
    11,115 Posts.
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    15/10/09
    14:16
    Post #: 5783997
    hainholz

    We will know for sure how the capital raising went next Monday, but I think it will be at a premium to its current share price. If I am right, that should be very bullish and the share price will go up more. NGF is attracting funds from the USA and funds manager there are used to paying more for gold shares.

    Those new institutional investors will attract others to buy on market and again drive the price higher. NGF will still have to meet its production and cost targets, but it will become far better known in the market place and in a better position to do deals.

    loki
    NGF Price at posting: 31.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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