Worth taking a look at the TA and the Fundies.....

Bought a few Norseman Gold this morning. The weakness of the dollar and the rising SP of gold looks like it could help the mining explorers and producers over the autumn to next year.

Think Tom Winnifrith tipped this a few weeks back.


Target first stop 55p and then 60p resistance.

It was one of the daily free tips. It arrived in my inbox on Thurs 20th August.

I'll slap GF's legs when i see him, got me all excited he did. :))

LOL BB...... now this is up to date fresh off the chopping board at hemscott...

Looks pretty good trading on a forward P/E of just a miserly 6.8 to 2010, derd cheap... (one way of valuing the company)

Norseman Gold PLC

FORECASTS
2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
12-10-09 BUY 18.30 7.45 18.77 7.64

Astaire Securities [R]
09-10-09 None 8.25 13.75

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 18.30 7.45 0.00 18.77 7.64 0.00
1 Month Change 2.77 1.13 0.00 2.24 0.91 0.00
3 Month Change 18.30 -0.80 0.00 -6.11


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % -30.80% 2.55%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 14.39m 24.42m 26.89m

EBIT 9.61m m m

Dividend Yield % % %

Dividend Cover x x x

PER 4.71x 6.81x 6.64x

PEG f -0.22f 2.60f

Net Asset Value PS 12.51p p p

Is this a good chance to buy or sell?
52p now.

i wouldn't do anything, but shorting looks the less risky

Looks more like a buy now, cynic.

I think u are right again, cynic...50p now.

Gold is retracing so the Miners will in Unison.

Buy NGL now at 60p. This is seriously undervalued.

It's moving up.

After it's recent fall I've bought back this morning.
2517

Not like me to get the timing right (so far anyway). Although NGL are going to be around 10K ozs short for year end June 2010 the guidance for June 2011 is unchanged, although a lot can happen over 12 months.
2517

Some strange prices going through this morning, 60.21p; 59.44p both way above current sp.
2517

I've almost certainly done the wrong thing, but have sold out for a 34% profit since 12th March.
2517

I need 62p

Have you tried asking a friend ha!ha------------------Good luck BB
2517

lol..

In the money now,,

NGL has gone the wrong way 4 me.