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Nice to see them maintain the faith but as the company's broker,...

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    Nice to see them maintain the faith but as the company's broker, they are hardly independent

    07 Oct 2010 Transaction Ocean Equities (Lead Manager) and Seymour Pierce successfully completed a private placement, placing 25,000,000 shares Norseman Gold at a price of 45p. The proceeds of ?11,250,000 will be used to bring the North Royal Open Pit into production

    16 Feb 2011 Transaction Ocean Equities and Seymour Pierce (Joint Brokers) successfully raised ?10million for Norseman Gold, placing 22,222,222 shares at a price of 45p. The funds will be used to bring the North Royal open pit into production, and to provide additional working capital

    http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10401189
 
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