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This is the time to Invest!, page-48

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mogga

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30/01/19

16:56

Post #: 37268253
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Originally posted by dbl1771 ↑

A JORC from another company in 2008 . Big deal . Only 5 buyers in the queue . Must be FOHD ( fear of holding dog )
From ASIC -

clause 14 of the JORC Code (PDF 1.12MB)

What if a project changes hands?

If a buyer automatically republishes or relies on the initial publication of the vendor's forward-looking statements such as production targets, without reassessing what may have changed, the statements may be misleading.
You should reassess the underlying assumptions supporting the forward-looking statements made by a vendor for any changed circumstances that may mean the statements are no longer reasonable.
For example, previous statements may no longer have reasonable grounds where the buyer, unlike the vendor, has insufficient stand-alone financial capacity or reasonable grounds to fund the project.
Equally, using a third party's net present valuation for the same project may not be appropriate if the valuation relies on the third party's funding position and corporate financial hurdle rates.
If in doubt about whether or when there is an obligation to update the market, we recommend you seek expert advice.

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This relates to funding using a JORC dbl
NAG didn't need funding to acquire Clonbinane
No one has rearranged the gold grades since the JORC
NAG Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
6 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

Buyers (Bids)

No.	Vol.	Price($)
5	576242	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	10000	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 - 13.58pm 22/11/2024 (20 minute delay)

NAG (ASX) Chart