So, there hasn’t been and investor update to accompany the maiden JORC resource statement - and the share price predictably has retreated back to where it was before the announcement within a couple of days. All very disappointing for shareholders.
Pretty typical of NAG managements’ communications strategy for the past how many years - zero strategy !
Where is the explanation of where the funds are coming from for the planned 12,000m of diamond drilling? And what is the suggested time line of same?
So I guess we should expect to see fund raising pretty soon, perhaps at sub-1c - whaaaat? More significant dilution for mom and pop shareholders!
I think that in addition to the removal of CEO James Earle, and exec Director Mike Trumbull, we should also be thinking about the demise of the new Chairman Tom Quinn - he seems to have been as useful as tits on a bull!
It seems pretty obvious that a clean sweep of management at NAG is what’s required if the Company is to have any chance of survival.
So, there hasn’t been and investor update to accompany the...
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