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Norseman Gold

March 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NGL
  • Price:
  • 45p
Norseman has placed 22.2m new shares at 45p to raise £10m before costs to enable it to bring its North  Royal open pit into production and to provide additional working capital. This and the other new mine at OK Decline are set to finally make a marked contribution to Norseman's production during the next quarter. Meanwhile, Norseman also said its operating performance from its existing mines at Bullen and Harlequin has improved as the result of record underground development to open up more working areas.  Feed from all four mines and existing stockpiles is expected to support the mill operating 24 hours a day, seven days a week by July to increase the project's production profile and reduce variability in quarterly resu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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