From yesterday’s Quarterly: Good analysis about current and...

From yesterday’s Quarterly:

1. Good analysis about current and future supply and demand in the world’s antimony market
2. Good detail of the drilling progress up to end June

But the glaring omissions are:

1. A well explained timeline and plan for how NAG expects to capitalise on the antimony opportunity
2. How they intend to fund operations from now until they start extracting the ore

Without these things investors are never going to rush to the buy queue and push the share price to where it has been in the past (mid 20’s), and beyond.

“Nagambie has commenced discussions with a Chinese antimony company in relation to offtake arrangements and development funding.”

I would have been a lot happier if it said “negotiations are well advanced with a Chinese antimony company in relation to offtake arrangements and development funding.”

Talk is cheap NAG, but we need to see resource definitions, MOU’s, and real off-take agreements.