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12.5%

0.7¢ nagambie resources limited

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

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JetBlue

2,666 Posts.

548

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.

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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 0.7¢		Change -0.001(12.5%)		Mkt cap ! $5.576M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$18.62K	2.595M

Buyers (Bids)

No.	Vol.	Price($)
2	5217930	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	375852	4

View Market Depth

No.	Vol.	Price($)
2	5217930	0.007
1	250000	0.006
2	550000	0.005
2	750000	0.004
1	500001	0.002

Price($)	Vol.	No.
0.008	375852	4
0.009	583871	3
0.010	1213789	3
0.011	86000	2
0.012	988165	3

Last trade - 14.19pm 23/07/2024 (20 minute delay)

NAG (ASX) Chart

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