NGF
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0.00% 25.0¢ norton gold fields limited

By getting rid of the note holders for cash and scrip it cleans...

  1. robertch
    466 Posts.
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    01/10/10
    18:21
    Post #: 7271050
    By getting rid of the note holders for cash and scrip it cleans up the balance sheet enormously.

    The down side given that the shares were issued at a substantial premium to market it gives an idea how keen the noteholders were to get a saleable share vs a non saleable note.

    I would not be expecting the shares issued for notes to remain in the same hands for long!
    NGF Price at posting: 19.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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