I have been thinking the same thing.
June 29th last year the share price of NAG was 4 cents and today if it closes where it is it will be 15.5 cents
That is a 388% increase in share price for FY17/18 which should look kinda nice on annual reports and things.
Also the other thing to bear in mind I believe is the $1.6M cap on superannuation balances before you have to start paying extra tax, which I believe is calculated on your super balance as of June 30th.
Many of our directors would have lots of NAG shares tied up in their super funds and if they can stay below the $1.6M threshold then you would imagine that would be a good thing for them.
All IMHO
I have been thinking the same thing. June 29th last year the...
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