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Primary Recommendation

Norseman Gold - Strategy to “fill the mill†will lift margins

November 2010

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:
  • 62p
Dynamic individuals can transform businesses and hugely enrich their shareholders. One company that certainly benefited from such an injection of dynamism has been AIM-listed gold miner Norseman Gold. The gold projects in Western Australia that now form part of Norseman have had a history of mining gold since 1937 but seemed to turn into perpetual loss machines in the early part of the decade under the previous owner, Croesus Mining, which was the third largest Australia-domiciled gold producer at the time. Croesus had bought the projects in 2002 when gold was around US$300 an ounce but it ended up with major financing issues after bad decisions over a number of years left it with gold production levels well short of hedgin ...

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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.

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