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

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Post by korpfuon Jun 09, 2008 4:34pm

471 Views

Post# 15163313

Reality

My take on ths situation:
Although todays NR was good...it wasn't earth shattering. We already knew they would be geting the LOC's.
I think some are expecting a little too much from a such a news release.

The LOC's haven't exactly had great impacts on other area plays, either.

Although we would all like the SP to be a higher, I don't think the current situation is all that bad.

Again, perhaps we all could stop with the name calling until all the cards are on the table.........................

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