Norseman Gold – A total Disaster But NOT a write off although Administrator in (at subsidiary level)

AIM and ASX listed gold Miner Norseman Gold ( NGL) has been a truly disastrous tip from me (37p in July 2009). The shares are now suspended and will remain suspended for a good while as it has just put its operating unit into administration. It sounds as if it is end game but it is not. I cannot say it is good news ( it is bad news) but do not give up the ghost yet. This is why.

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