Nagambie Resources Ltd V.NAG

Primary Symbol: NGMBF

Metals & Mining Gold

Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.

OTCPK:NGMBF - Post by User

Nagambie Resources Ltd

Bullboard Posts

Post by dudediligenton May 22, 2008 6:59pm

258 Views

Post# 15101245

Bullish Indicators - Going higher

I wonder what everyones average cost is sitting at today versus what is was the beginning of May. The majority is sitting at mid to low twenties, right around where it is now trading. Chances are the inventory of shares that will be up for sale going forward has depleted. You see the same thing happened to BMK after trading higher for some time and when everyone thought that too many shares (140 Mil Outstanding) wouldn't allow it to move up, then all of a sudden BOOM> .25 cents to a buck in no time. Weak hands get washed like yesterday and today and then we resume uptrend with permit news likely occurring at the same time. You'll see.....