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NAG

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11.8%

1.9¢ nagambie resources limited

Ann: $1,642,500 Equity Funds Raised, page-11

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JetBlue

2,698 Posts.

562

21/10/18

16:35

Post #: 36202553
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Originally posted by JetBlue ↑

If the Av Drill Hole is 450m @ say $120/m, that's a cost of $54k/hole or 10 holes for $540k. That's a lot of potential strikes especially as each hole provides new data to fine tune the model.

I would think that the chances of hitting pay dirty in the next 10 holes are really good and still leaves $1m untouched. Of course there are Other Ongoing Expenses but the Quarry Income and DoD Revenue go close to offsetting these.

The other wild card is the PASS & that could be decided this Qrtr or early next Qrtr. You may wonder what the chances are of getting PASS Contracts but there has been no reason to doubt NAGs is a front runner, despite the empty rhetoric from some would be detractors & personally I'm expecting Contracts will go to NAGs in PASS disposal.

Time will tell but this NAGs race day is coming up imo.

Expand

The fact that $1.64m came in from the Fund Raiser is extraordinary in my opinion - far more then previous FRs.

So it seems I'm not the only one feeling confident about where NAGs is heading. This SPP speaks volumes for the support of the shareholders and their readiness to be involved with real money not just rhetoric. Maybe they know what they are doing.

Last edited by JetBlue: 21/10/18

NAG Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.9¢		Change 0.002(11.8%)		Mkt cap ! $15.13M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.8¢	$55.68K	2.995M

Buyers (Bids)

No.	Vol.	Price($)
2	555303	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	996991	2

View Market Depth

No.	Vol.	Price($)
2	555303	0.017
1	100000	0.016
4	755000	0.015
3	641428	0.014
6	889229	0.013

Price($)	Vol.	No.
0.019	996991	2
0.020	2909387	7
0.021	372000	3
0.022	136000	1
0.024	494117	1

Last trade - 16.10pm 04/11/2024 (20 minute delay)

NAG (ASX) Chart