norgold...well at least someone has heard of cdu..6 month out...

norgold...
well at least someone has heard of cdu..6 month out from booming .....

will this be the next one...shaping up well

I speculated a rise of 20 to 25 %...was being conservative...but closed on the 20% rise....

now I expect ,by friday ,more results or at latest monday.....

...to keep up the interest......

I personally expect...the company will see all options exercised in about 5 mill lots..raising $5mill approx......

then I believe the share price will be high enough to place stock at around $1 ..to sophisticated investors......

i believe they will place 15% of the total stock on issue plus more.....and then seek shareholder approval for the lot...and it will of course be approved....then allowing then to do another 15% placement later on...without any approval being required...

its a low issue stock...so they have plenty of room to move....

as at 31/12 /2012

shares on issue

85,405,328

very low issue and held tight.....

TOP 20
as at 14/09/2012
annual report

top 20 held
31,543,557 shares or 42.95%

that left 53,861,771 freely trading

so its easy to see why anyone or parties with a substantial amount of shares and cash can determine the trades in this stock...much the same as has been seen in SIR.....

it appears OZL had some confidence in the stock when they sold the tenement packages in NSW in exchange for 1 million shares ( re BIG Ben Group)

31/12/2012 qtr report
shares on issue

85,405,328

OPTIONS
exercise 20c
25,598,752
to raise $5.1 million..when exercised...

750,000 options at 40c exercise

Cash on Hand 4,870,000
Estimated cash outflow March 2013 Qtr

$1,100,000
---------
http://www.asx.com.au/asxpdf/20130131/pdf/42cqf3vwgwv3w9.pdf





there have been some changes to these figure since then ....

looking like a stock that will be well controlled for a long time to come....with many assays to come in that time.......

holding a small position ....as invested heavily in other stocks....but would like some of the profits to come

the run is just starting