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Nagambie Resources Ltd V.NAG


Primary Symbol: NGMBF

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

Bullboard Posts
Post by Clemmie70on May 29, 2008 8:34pm
256 Views
Post# 15125259

Goldsource News release?

Goldsource News release?Unusual for something like this to come across the wire and not have any comments on it from this forum.

It would appear that Mr. Drever has recruited this firm to advise and oversee their summer drilling program. I don't think I missed anything in the news, but don't we have to be allotted permits and lands rights before  embarking on such a  venture? This would seem pretty elaborate for smoke, mirrors and fluff....

Which brings us back to NAG. I have not been involved in NAG before this coal play so I cannot comment first hand on how they conducted themselves in the past. (yes I do hold NAG shares) But as the forum reads, their performance was less than stellar. With the millions of shares that have traded hands in the past week +, I would think that our sp should be higher than .24. Are we being punished for the NAG of old? Management must be aware of how they are regarded from past performance, why would they not make more of an attempt to turn a new leaf and keep it's shareholders better informed of current news? Fine, the letter of priority status are fluff, at least those companies are releasing something! We see releases coming through for CAJ, GXS, etc and where are our company releases? <insert crickets here> Starting to feel like we shareholders have been left in the trenches taking grenades, all while we wait and hang on RC and Murph's  every keystroke  as to a clue  of what's going on. Thank god RC's mothers 2nd cousins boyfriends daughter has a night cleaning job at the Sask. permits office so we can get periodic updates!

Point being, we need to get a public release from NAG to reassure why we all bought in at the start. I did call (got a voice mail) and emailed to which I got a reply within the hour, but a public NR is needed.

Thanks to RC and Murph for being the voice of NAG in their absence. And no, we don't know who cleans the permit office.

No more light beers for me.

Good Night
Bullboard Posts