To me this seems undervalued. Why?
Two weeks ago Nagambie Resources released its long-awaited maiden JORC resource statement.
In itself it was a good announcement which some have suggested could put a mined resource value of up to $1.8 billion on NAG’s gold-antimony discovery. For a company with a market cap of just $8 million???
Shareholders could reasonably have expected a significant increase in the share price and Market Cap but here we are 2 weeks later with an even further drop in share price.
In the last 24 hours a number of share holders (by no means all) were sent an email containing a link to a 6-minute interview with new Chairman Tom Quinn on a platform named ****** TV, which most of us have never heard of. A link to the interview is included below.
It appears that the interview was conducted the day after publication of the JORC, but it’s not until now, 2 weeks later, that it has been made available to share holders - why such a delay?
If the interview was meant to create excitement in the market I’ll leave you to make your own assessment of whether it succeeded.
By way of comparison…
Many of us often ask why our sister exploration minnow SouthernX Gold can have a share price more than 300 times that of NAG, and it has a lot to do with the marketing by that great master of promotion, MD Mike Hudson.
Virtually every significant drilling announcement is accompanied by an exciting and detailed video clip, often of 10 minutes or more, by MH. This is posted on their website, YouTube, and other well known platforms to give great visibility, and the market generally responds by significant buying of the stock, and a corresponding jump in the share price.
NAG needs promotion like that, and then maybe we’ll see the share price jumping to levels that we’ve all been hoping for.
Yes, there are other factors too, but sadly NAG’s marketing and communication is light years away from where it needs to be.
18 months ago the very well known, and followed, Small Caps platform published a 25 minute interview with non-exec Director Warwick Grigor where he detailed his vision for Nagambie Resources and its gold-antimony discovery, suggesting it could most likely be the next Fosterville. Perhaps NAG should consider taking advantage of Warwick’s promotional expertise more often. This compelling video can be viewed here…
https://rumble.com/v21btsv-nagambie...rade-antimony-gold-vein-system-at-namesa.html).
NAG’s latest effort…
Click on the following link to watch NAG’s latest attempt at video promotion….
https://u308158.ct.sendgrid.net/ls/...7PYIFbaLU6hRuXSWYo8-2B1b5Rg0ZbrZhFuqLwQ-3D-3D
Disclosure: I am a not insignificant shareholder and believe we have some great assets in the ground.
(20min delay)