Becoming gold miners, not just explorers, page-27

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Budweiser54

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07/12/22

14:23

Post #: 65198851
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Originally posted by JetBlue: ↑

Heh Bud, Not sure how you conclude someone is dumping - they are obviously doing a lousy job of it, if that's so. NAGs average day sees about $20-30k traded, some days none & big day about $80k. SXG average daily turnover is about $1m worth of shares.

The difference is that buyers are keen to get SXG & they motive people to sell via a rising SP. At NAGs Sellers are more keen to sell than what buyers are to buy, atm anyway. Why?

If there is nothing wrong with the NAGs Story (and I agree there isn't) then they has to be another issue. Usually that means the problem is with management & whether they can deliver, which is down to their track record.

NAGs needs a lot more selling & a lot more buying .... Not less. But it needs to be driven by buying pressure & that means turnover of $500k per day or more Atm that would be about 6m shares or more.

Its not about to happen when Management don't communicate, when nobody knows what's happening with Assays or PASS, when there are no timelines & they keep touting prospects but don't deliver.

I believe this can change & that Warwick Grigor is an antidote. The prospects are good but delivery is woeful. I'm just stating the obvious that everybody knows. So lets stop blaming the Sellers when nobody wants to buy and ask the question "why"? Then we might solve the problem.

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So you agree there is nothing ''wrong with the story''

I find it strange that when we got a good announcement and the SP kicked off at 8c that we would end up under that SP at the end of the day.

Something tells me we need more than just good announcements.

As a buyer I would be suspect if someone is trying to push the price down all the time with small parcels of shares.

Seems strange doesn't it Jetblue

NAG Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.002(10.0%)		Mkt cap ! $15.93M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$914	41.56K

Buyers (Bids)

No.	Vol.	Price($)
2	71759	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	201193	2

View Market Depth

No.	Vol.	Price($)
2	71759	0.020
2	176315	0.019
2	427777	0.018
3	1200000	0.017
2	400000	0.016

Price($)	Vol.	No.
0.022	201193	2
0.023	26086	1
0.024	200000	1
0.025	520000	3
0.026	591000	3

Last trade - 11.04am 18/09/2024 (20 minute delay)

NAG (ASX) Chart

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Becoming gold miners, not just explorers, page-27

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