NAG

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Australian Gold Mines, page-68

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mogga

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13/12/18

16:56

Post #: 36850837
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Originally posted by JetBlue ↑

The SP for 2018 has been between a Low of 6c and a High of 30c.
Current SP is 6.6c, so close to the bottom of the range.
My Question is what will the SP be on 13th Dec 2019 - a year away?

Now we are dealing with an Unknown but what are the possibilities?
What is the likelihood of each possible scenario?
If the cycle repeats, then SP will eventually hit 30c again and also eventually hit 6c again.

But while History shows cycles it's rarely repeats itself exactly - that would be too simple.
Change factors come in to make their play and this makes predicting very uncertain.
But over a Longer Time Period predictability Increases.
So I say "bring on 2019" because I think a lot of positives will play out in favour of NAGs in 2019.

1. The EPA has a new mandate as of about 6 months ago which includes preventing Environmental Damage, so many past practices will not continue 2019. This will bring new opportunities for some (like NAGs) and close the door for others (and they will be kicking and screaming like spoilt 2 yo's but they will have to get use to it)

2. With every New Drill Hole NAGs gets one step closer to a 'Fosterville' type discovery. It will happen one day but which hole we don't know - could be the current NND002 or could be NAD 003, 004 or 005. Time will tell.

So we can't predict when things will happen but I think we can predict what is trending.
Bring on 2019 I say.

Expand

well put JB

but does one buy at the top of the cycle or the bottom of the cycle?

NAG Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

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(20min delay)
Last 1.9¢		Change 0.001(2.78%)		Mkt cap ! $15.93M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.8¢	$201	11.00K

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No.	Vol.	Price($)
5	576242	1.8¢

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Price($)	Vol.	No.
1.9¢	10000	1

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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

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NAG (ASX) Chart

Australian Gold Mines, page-68

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Buyers (Bids)

Sellers (Offers)