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NAG

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2.3¢ nagambie resources limited

New No 1 World Gold Producer, page-42

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muzzab

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24/01/19

16:26

Post #: 37214755
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Originally posted by JetBlue ↑

Originally posted by Wellington1815
Hello JetBlue - good to e-chat. I do like and read your comments with interest.

Im not sure KLA is a suitor... mind you I don't care even if it is. But I do note that other Canadians are lurking around and even on the ground eg Mandalay at Costerfield. At $30m Cap NAG is cheap change for a multinational gold miner. KLA would only need to issue another 1m shares (on their paltry amount they have on offer on ASX now) to gobble us up! Now thats a problem I could deal with. And I can tell you now many people would jump over eachother to buy more KLA. Things have taken so long now at NAG to get going that if someone come along and offered 20-30c many would jump at it!
Again like many multinationals in mining and other industries... their officers often look to what is happening in their industry/sector by looking at what the competition is doing and not thinking outside the box. What is the latest trend? It is not often unique or entrepreneurial thinking or actions by passionate or investigative minds... but what is going with the crowd. Mark my words there will be people looking into NAG for those reasons alone.. plus 2000 sq km's of ELs, huge AUD Gold price, low costs of entry and operation, and huge potential rewards!

You make some very good points Duke. You said:

"Things have taken so long now at NAG to get going that if someone come along and offered 20-30c many would jump at it!"

I think you are right that there would be an Initial response to 20-30c & may pick up 5M - 10M shares but I'm not sure if any more. We had the opportunity to sell at 20-30c in Q1 & Q2 of last CY. To get another batch I think the price would have to go to 50c to pick up maybe another 20-30M but that's about all imo and 40M isn't even 10% of 500M shares (incl C- Notes).

All speculation on my part of course and I'd love to see it tested. I'm of the opinion we will see it tested by an Offer sometime in the next 12-18 mths (if not the next 6 mths). Maybe I'm wrong and 50c would pick up a swag like 200m? Not mine though.

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"All speculation on my part of course and I'd love to see it tested. I'm of the opinion we will see it tested by an Offer sometime in the next 12-18 mths (if not the next 6 mths). Maybe I'm wrong and 50c would pick up a swag like 200m? Not mine though.".

Not mine either JB !

NAG Price at posting: 6.7¢ 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

New No 1 World Gold Producer, page-42

Top Stories

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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Buyers (Bids)

Sellers (Offers)