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35.3%

2.3¢ nagambie resources limited

NAG share trading, page-18

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AntN

16,971 Posts.

16

07/02/19

13:53

Post #: 37363533
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Originally posted by AntN ↑

"Newmont bought Continental shares at C$4,00 apiece, a 46% premium to the share price at the time. It was hailed as a major achievement for Continental as the premium was astonishing and also such a large investment from a major is very rare – you can count the number of strategic investments in the mining sector above $75 million since 2015 using the fingers on your two hands. And yet, Sussman claimed that the company could’ve received even more from Newmont, had it wished:
Sussman says that Newmont wanted to buy a larger stake, but Continental kept it at 19.9%. "The Newmont investment was the best of all options at the time, because the premium was so great. But it likely puts us in play at some point," he says. "Our strategy is to extract as much value out of the ground now, so that any producer attempting to acquire us in the future will need to pay for this additional upside." - "Site visit: Continental Gold cruising to production at Buritica" - The Northern Miner"

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I was just googling Newmont (noticed they are mention in the quarterly and have EL between NAG and KLA)

Victoria is the "millionaires row" of GOLD miners atm....

NAG Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.006(35.3%)		Mkt cap ! $15.93M

Open	High	Low	Value	Volume
2.0¢	2.5¢	2.0¢	$306.8K	13.37M

Buyers (Bids)

No.	Vol.	Price($)
3	510000	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	499999	1

View Market Depth

No.	Vol.	Price($)
4	378333	0.060
2	59000	0.059
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.062	182288	1
0.063	16847	1
0.065	25793	2
0.067	70000	1
0.070	5500	1

Last trade - 16.10pm 27/11/2024 (20 minute delay)

NAG (ASX) Chart