SXG listed on 16 May 2022 after an IPO at 20c.
Now 96c. Up by 380% for the period.
NAG price at 16 May 2022 was 5.1c
Now 2.4c, on a rare good day for NAG. Down by 53% for the same period.
In the same periods, SXG has had a 433% BETTER rate of return than NAG.
Or to put it another way, NAG has had a 433% WORSE rate of return over the same period as SXG.
A lot of ground for NAG make up.
But I forget, NAG has a mining license, treatment mill, foreign companies clambering for antimony, far superior grades than SXG, PASS, rolling in cash from successful CRs but had to recently suspend drilling because of a shortage of cash, have had their last 2/3 annual reports qualified by auditors who have questioned their ability to continue as a "going concern", have world leading mining engineers who "cracked" the geology codes for the area way back in 2012 but who have done nothing with this information in 11 years, etc etc plus the managerial and marketing genius and foresight of MT and the team who effectively gave Sunday Creek etc to SXG for chicken shite plus a 10% shareholding in NAG, and who are effectively handing over Redcastle to SXG in the near future.
It is very easy to see why you conclude that NAG is the better investment, and to have super confidence that NAG is a far better place for people to place their investment $$$. You are simply stating the "bleeding obvious" to the investing public.
How many years have you held NAG shares now?
What was your purchase price?
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1 | 2000 | 2.690 |
1 | 3000 | 2.650 |
Price($) | Vol. | No. |
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