It has been "speculated" that convertible note holders are selling out and not holding
It is a fact that the deputy chairman has just bought just under $600,000 worth of shares
This is also a fact:
The directors of the Company each hold 1,000,000 options over Nagambie Mining shares, approved by shareholders at the 2010 AGM, that expire on 26 November 2015 and have an exercise price of 10 cents each. The directors are very confident about the Company's future and intend to exercise all of their options in 10 days’ time whether the options are in the money or not. The total to be raised of $300,000 will add to working capital for the Company.
The directors put their money where their mouth is
The interim traders pick up a few quick bucks and move on to the next stock
Which one adds up best?
NAG Chart, page-76
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