NORDGOLD a "BUY" TOO FUNNY Mordy, if you don't make a really, really nice offer NORDGOLF will get slammed. NORDGOLD is a FRANKENGOLDSTEIN company, just a bunch of cast-off body parts you though no one would notice was mot worth the sum of its parts. With one exception HRG. HRG is the only thing worth having. So you better make it a good offer, just sayin. Without 100% of HRG you won't get your real listing on the LSE.
Deutsche Bank lowered the estimate GDR Nordgold 12% rating - "buy" September 11, 2012 14:12
Deutsche Bank has revised target prices of shares and global depositary receipts (GDR) analyzed the Russian gold mining companies, according to a review of the bank.
Polymetal, Polyus Gold,, GDR Nordgold. As a result of the revaluation of these securitie,s was a recommendation to "buy": for stocks Polymetal and Polyus Gold, as well as GDR Nordgold.
The most attractive among the papers of the Russian gold mining companies, analysts said Deutsche Bank, are shares of Polyus Gold, as they have significant growth potential in the long term, and the stock Polymetal, as there is a catalyst for the growth of prices in the medium term.
Depositary receipts Nordgold, analysts say the bank also look attractive, but their prices can be under pressure as long as the company does not show improvement in operating results.
The estimates and recommendations of Deutsche Bank (prices in GBP):
Target price of Polymetal - 11,20 (current price Polymetal - 10,44), recommendation - buy;
Target price of Polyus Gold - 2,70 (current price Polyus Gold - 2,13), recommendation - buy;
Nordgold (GDR, prices in dollars. U.S.)) - 7.10 (current price Nordgold - 4,50), recommendation - buy.