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1.2¢ nagambie resources limited

January and March quarterly announcement showing tenement bonds...

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punter45

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02/08/20

17:26

Post #: 46248603
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Originally posted by pokemon: ↑

Question about finance available.

I notice the Company states under the cash/finances available there is the figure of $559,000 claimed. This amount relates to rehabilitation bonds posted by the Company. How can they state that the figure of $559,000 is available for working abilities. This money is committed to the rehabilitation bonds, and CANNOT be used for any work. The amount is only returned to the Company should the tenements be cancelled/expired/surrendered, and then only after the successful completion of rehabilitation, and signed off by the regulators, which can take many months and even years.

I would believe that the finances available to the Company are overestimated by $559,000. In addition should the commence any work with backfilling of the pits through PASS or any other material the rehabilitation bonds will be reviewed, and will increase, likewise for any future processing of the site materials, any proposed operations will see an increase in the rehabilitation bonds. Any proposed mining of other sites will also attract a increase in the rehabilitation bonds.

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January and March quarterly announcement showing tenement bonds as available funds too

NAG Price at posting: 6.1¢ Sentiment: Sell Disclosure: Not Held
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Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $9.559M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$294	24.53K

Buyers (Bids)

No.	Vol.	Price($)
3	245272	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	371750	1

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No.	Vol.	Price($)
3	245272	0.010
4	486666	0.009
2	182500	0.008
1	160000	0.007
1	250000	0.006

Price($)	Vol.	No.
0.012	371750	1
0.013	184429	2
0.014	610000	2
0.015	658165	1
0.016	188150	2

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