Australia's largest stock trading and investment forum Australia's #1 stock forum

NAG

Click for more information

2.78%

1.9¢ nagambie resources limited

This relates to funding using a JORC dbl NAG didn't need funding...

First 48 Last

Share
Profile

Follow
mogga

26,534 Posts.

273

30/01/19

16:56

Post #: 37268253
Share
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.

Expand

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

0 Great analysis

Reply

Top Stories

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 60 more messages in this thread...

First 48 Last

Add NAG (ASX) to my watchlist

(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