The reasons for the samples not being sent off for assay are perhaps far simpler.
As I have posted previously, they probably did not have the money to pay for them.
Go to page 48 of the Annual Report posted to ASX on 1 November .......... and read under the heading "Material Uncertainty Related to Going Concern" contained in the audit report.
It is also noted that NAG have recently changed auditors. They obviously didn't like being told some home truths.
It is not considered "good form" in finance to change auditors after a report is qualified in such a fashion.
Draw your own conclusions.
As I have also posted previously, I would like to see someone take them out - preferably SXG, given the obvious far better management capacities demonstrated since the IPO in May 2022,compared to NAG over many years. Put some good dollars behind a single project combining all areas.
Ann: Second Antimony-Gold Vein System Discovered, page-42
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Mkt cap ! $11.95M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.6¢ | 1.3¢ | $31.36K | 2.175M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36000 | 1.4¢ |
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| Price($) | Vol. | No. |
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| 1.5¢ | 672647 | 3 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.6¢ | 1.3¢ | 1098855 | ||
| Last updated 14.20pm 21/05/2024 ? | |||||
| NAG (ASX) Chart |