Ann: Quarterly Report, page-38

Hi CC,

You say "It doesn't take away the fact that this type of information should have been available earlier".

I am frustrated with "lack of Info" & rarity of Announcements, just like everyone else seems to be, but NAGs Management may not have been able to do it any other way, if you balance Shareholder needs & the requirement to substantiation Announcements (unlike on a Forum).

NAGs seems to be the ones who uncovered what is going on with PASS & Melbs Construction Industry. If anybody else knew about it (including yourself), they certainly were not making it public. NAGs research via The Independent Report did not reveal it either . It revealed "no Pass coming out of the Construction Industry". Hence an anomaly. Why not?

Possibly it was the trolls on HC that provided the missing links. If so, NAGs owes them a debt of gratitude. But revealing this on a Forum is totally different to an Company Announcement - different constraints obviously. Disclosing info to the public (not just to us shareholders) can work against you. Even Information disclosed on a forum can work against the one disclosing it (including trolls).

As for the "SP looking ugly over the next few months" - well we have a better idea today of what is happening & I would have though the future is looking good, but I'm measuring over a 2 year time period. When this translates into a SP hike I don't know? You seem to be talking about "when" to Buy In, rather then "whether" to Buy In. That's trader stuff & I'm not a Trader, so you could be right.

To me a 12 months wait on a good return is fine, whereas waiting to "Buy In" just before a SP goes up is a High Risky strategy (to me.) I don't know "when & what" will trigger it but I am confident that NAGs will go beyond 30c in the next 2 years or so (if not 12 months) and more importantly to me that dividends will start in the next 2 years or so.

Thanks for your input. Always worth a read & you always seem ahead of the game. You know a lot of stuff well ahead of us, based on your connections, & probably well ahead of NAGs Management. Based on what "you know", I can understand you thinking info should have been announced earlier.