NGF 0.00% 25.0¢ norton gold fields limited

my only concern...., page-2

  1. 76 Posts.
    If I remember right a few institutions and management hold over 50% of the company so they would need to agree to the takeover and I don't think they would accept as the insto's bought in heavily in the capital raisings in the mid 30's.

    I think the only contenders for a takeover are the Chinese, similar to what they did at GDO, but I think they would need to offer over 40c to be successful.

    I agree that this company is worth at least 50c now, but in a year or so when we have no debt, I would expect the target price to be even higher.

 
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Currently unlisted public company.

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