NAG 7.14% 1.5¢ nagambie resources limited

CR is Coming ?, page-18

  1. 2,681 Posts.
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    I didn't notice this thread til this morning. Probably because the poster is someone I have on Ignore.

    If NAGs needs further funding there is an obvious source to consider - the MAW 9.5M Shares. As of now the 1st 25% Tranch is available to be Cash Out.

    So how much are our MAW Shares worth?
    ▪ The SP is Can40c, in $A thats 41.9c
    ▪ 9.5m Shrs x 41.9c = $3.98m
    ▪ 25% Tranch = $995k
    ▪ 1st 25% Tranch Avail NOW
    ▪ the 4 mths wait is up.

    So NAGs could Sell off 25% of their MAW Shares right now & release approx $1m.

    So Drama Queen post is just showing the ignorance of the poster, whoever that may be.
    Last edited by JetBlue: 28/07/20
 
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