Mackec i sincerely hope you are right. Chinese +3-4 gold funds...

Mackec i sincerely hope you are right. Chinese +3-4 gold funds (sprott, BS etc)+mgmt do hold about 50% but thats still enough parties to splinter if a 30c bid turned up.
And a lot of the stock was bght 25c area on average.

My view is they are pratically debt free now....Debt 51m, Cash 36m +15m outstanding for the gold assets (5m turns up in a few months, rest early 2013). Given there ability to pump cash as we'll see for the quarter just fiunished and this quarter Norton are effectively debt free. I dont think the market has woken up to that. Many still think, if they think at all about NGF, that the company has a ball and chain around its neck.

Because I keep getting so excited about this stock i should remind myself of the risks:
- major gold price collapse below A$1100 per oz
- major mine planning balls up (technical term), grade failure below 0.8-0.9g/t etc
- paddington mill failure
None of those seem likely to me so I stay overweight this puppy.