NAG 0.00% 1.2¢ nagambie resources limited

Maybe its not that hard to answer - it's because that is...

  1. 2,657 Posts.
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    Maybe its not that hard to answer - it's because that is "the market" price and has been for about 4 years. Nobody wants to pay more.

    SP did hit 29c for one day back in about April 2018 but has also been between 3.5c and 8.5c for over 4 years. It hit about 3.5c for one day back in about Mar 2020 but they are the extremes.

    If the mining industry were convinced then there would be lots of buying & as yet there is not.

    It'll happen imo but it will be on the basis of substantiated claims with multiple DHs. NAGs just needs to press on & not expect the market to take short cuts. Do the DHs, send off the core samples (an important part), get the Assays back & interpret them so the market can see the Proposition.

    The market is not dumb, present a feasible model with substantiated back up drilling results & it'll happen. It just isn't there yet.
    Last edited by JetBlue: 24/01/23
 
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