Let us not forget who 2 of the biggest shareholders are - NAG directors.
I would be surprised if there weren't any offers on the table with the SP being driven down during the past 2 years. I think they call it a poop and scoop.
Lots of pooping but the scooping part failed.
Those two directors may have well been the difference between someone taking over the company for a song (see Red River Resources) and keeping this company alive and protecting their shareholder's interests.
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