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.

Well, this has turned out to be a disaster.....now and again ; you get one like this....

The OK Decline has continued to make slow progress in its ramp up, and the existing underground mines, Bullen and Harlequin, have continued to struggle to lift production to acceptable and forecast levels with treated tonnage and grade below expectations.

Hands up....I got it 100%wrong....would you believe it ? a loss making producing gold mine !.

Down to poor management. Despite capital raising end of last year, NGL is really struggling now.

Wish I'd sold out on last high but did'nt .... suffering now.,.

Dumped at a bad loss....along with DES....those are the worst for me this last year but cannot complain overall....but this is a bad setback....

NGL is a lousy share, but I remember Shares mag was promoting it last year.

Made big losses this quarter... not impressed with the management.

Norseman Gold, the AIM-listed and ASX-listed Australian gold production company provides the following guidance on its anticipated profit for the year to 30 June 2011, which is currently expected to show a loss of between A$13m and A$14m before tax and abnormal items, with full year gold production of 50,173 ounces. Preliminary results for the full year will be published on or before 31 August 2011.

The fourth quarter of the year saw ore production from the four mines during the quarter increase on previous quarters by some 16% and gold production increase by 27%. The quarter's results were impacted by weather conditions particularly during the last week of the month of June which restricted haulage ability and hence milling throughput and gold production.

Kevin there appears to be a thread already.

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The future looking bleak @5p.

The management is to blame on this fundraising... 5p now.

anyone still in ?
I bought some today with profits from selling SXX......taking the view that this is rock bottom and maybe the next update here is much improved the could see the sp double...then again,,it might go belly up!

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Interesting goings on here with trading suspended in Aussie land

Hopeless company

is TW'S "gang" still recomending this one?