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I say things on Twitter


The world informs me that I need to care about Newmarket Gold (NGN.v) now

In a nutshell: Big swinging dick mining people get together and repackage the Crocodile Gold ( assets into a new company that raises cash in order to pay down the welter burden of Croc's corporate debt. Okay, fair enough, I've heard worse plans and if we retail snot-noses are lucky, a little of the cash will eventually flow to the bottom line of the Newco and the shares will go up. What? Cynical, moi? Mais non...

Anyway, here's the scrip termsheet on the deal being run by GMP, with BMO up there and Haywood and RBC along for the ride too.