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 nighthawk61on Aug 20, 2009 6:48pm

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Post# 16236067

lucci

To run a pump and dump you need one key ingredient, the pump, which is why I agree with you. NAG has not released any news to explain this volume. There has been no pump at all. The SP increase was secondary for me but over 6 million shares traded sparked my interest. Now I realize that many were bought and sold by momo traders which is fine. I also liked that we closed at .085. If there is no news I would expect this to settle back to .075 but..... if there is no news then why the volume? For those that bought far higher I can understand the frustration but many here have an average around .07. We'll see what happens tomorrow.

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This junior mining stock offers billions in market exposure