The front page in the business section of the Australian gives extensive coverage of the upcoming IPO ' Rich listers bank on Maloney's midas touch' whilst drawing attention to the unprofitable past history of Norseman as an underground mine during lower gold prices and managed by ' underfunded operators' ..of which Norseman Gold PLC was demonstrably one requiring a loan of $20m from Maloney's company. The point is well made by Tulla director Mark Maloney ' what we are now doing is open cut using new strategies and new technologies '. Of course this exaggerates Tulla's role which has ceded control of the 50:50 JV to Pantoro. If Pantoro can make it work then some of the rich listers might fund a Tulla takeover of Pantoro . Just musing.
TUL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held