The position is fairly basic. Tulla are in trouble over Norseman Gold Limited and took the $25m debt rather than have no options and lose everything. Paying for the running of the mine to the administrators prevents any other debts being called in and the mine continuing to run on,
They know there is Chinese interest and reckon they'll at the very least get their $25m back.
Maybe the mine is worth $100m with the iron ore interest thrown in and Norseman Gold PLC may well have enough cash in the end to allow them to carry on.
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $12.68M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $715 | 5.109K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 57044 | 3 |
View Market Depth
| Last trade - 14.47pm 30/07/2025 (20 minute delay) ? |
| NGX (ASX) Chart |