NAG 0.00% 1.3¢ nagambie resources limited

I’m guilty Pokemon ! I started weekly counting on August 6,...

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    I’m guilty Pokemon !

    I started weekly counting on August 6, which was 5 weeks after the then most recent drilling results on July 3. In that post I said….

    “It’s now 5 weeks since the last “drilling update” and, given the parlous state of the share price, the market is obviously desperate for more news.”

    That weekly count continued until NAG management finally announced the “Current status of the project” on October 13 - 14 weeks after drilling stopped.

    It took NAG management (Exec-Chairman Mike Trumbull, and CEO James Earle) 14 weeks to fess up that drilling had “stopped” at the beginning of July, all while shareholders and the market in general were thinking that drilling was full steam ahead, with not one, but two drills.

    How can management, who lie by omission, be trusted to do the right thing by shareholders.

    IMO this is a key reason why the SP is where it is, and shareholders regularly call for “a new broom” - complete lack of trust in management.
 
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