Definitely a step in the right direction. The debt situation is...

Definitely a step in the right direction. The debt situation is actually quite comfortable in relation to NGF's production and earnings, but it's the remaining taint of debt from the Lehman problem which is holding back the share price.

This announcement is just what the market needs to see that management are taking steps to pay down the debt asap.

Clear the debt and we'll have a very profitable gold miner with well above average resources, reserves and production.