Hot Air, page-2

If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But the last three years have been particularly tough on longer term Nagambie Resources Limited(ASX:NAG) shareholders. Regrettably, they have had to cope with a 54% drop in the share price over that period. The more recent news is of little comfort, with the share price down 21% in a year. Unfortunately the share price momentum is still quite negative, with prices down 14% in thirty days.

See our latest analysis for Nagambie Resources

We don’t think Nagambie Resources’s revenue of AU$328,904 is enough to establish significant demand. We can’t help wondering why it’s publicly listed so early in its journey. Are venture capitalists not interested? So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue. For example, investors may be hoping that Nagambie Resources finds some valuable resources, before it runs out of money.