good for monday, page-4

from Director to Goldmax

GoldMax Asia Investment Ltd, a Hong Kong based company has taken a larger stake in NGF, purchasing a further 83,500,000 shares from substantial holders BPI Norton and PR Norton who each sold-down 41,750 shares, the bulk of these on 12th March 2010 (Refer to today's announcements). By my calculations the tranches sold to GoldMax on 12th March were at 30 cents per share, considerably above todays trading price. If my maths is right (based upon available information), this brings GoldMax to just under 15% of Norton. BPI Norton and PR Norton still have considerable "skin in the game" with both FPO's and Convertible Notes.

The week ahead looks interesting with the Lehman's case going before the court in the US again on St Patricks Day, 17th March 2010. Here's hoping for the luck of the Irish to prevail for Norton.