Speculation mounts in London with a 14% rise towards the close.
Isle of Man company SF t1ps Gold Fund have had a detailed response from Norseman directors DENYING a draw down of funds in note 30, page 48, was in fact hidden and they hoped it would not be noticed.
SF see NGX (AIM:NGL) as a speculative buy at up to 15p (24c) and say drawdown does not mean funds have been spent and expect profits from producing mines to provide sufficient funds.
AS production moves towards 120,000 oz per annum costs per ounce are expected to reduce.
Close in London was 10.5p (17c) and Aussie trading will need to keep thoughts on a London opening as shorters ponder their positions over the weekend.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.40M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 19.0¢ | 16.0¢ | $9.203K | 51.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14257 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 29041 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NGX (ASX) Chart |
