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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

Post by lucci2005on May 06, 2010 4:13pm
805 Views
Post# 17071388

NAG share price

NAG share priceCall it bad luck, call it a game, call it whatever you want.  But it's been done before and it's the same thing over and over again.  I know the Greece crap that is going on.  And the possibility of other countries joining in, blah blah blah.  But how frustrating is it to have a company like NAG, a coal producer that will only increase their production exponentially over the next few months/years, sitting at 0.145?  It's the same game being played again and again.  This is a true test of patience for the long term investors.  We go up to 0.20 numerous times, only to slide back down to 0.14-0.15 range.  Guess what?  In a few days/weeks, we will go back up to 0.20 on news.  Briefly that is.  No matter what kind of news.  Well, we already know the news:  transfer of permit and production on mine #2, acquire permit for mine # 3 and set up production to start shortly, and lastly, producing close to 12,000 tons from mine #1 (including the 3rd auger).  But what will happen to our share price?  Oh right, we will test 0.20, then over the next 4-6 weeks (while we are producing from mine #1, #2 and starting #3), we will drop down to the 0.15-0.16 range.  Then the next news release will put us over 0.20 again, only to drop down again.

When will this stupid game stop?  I'm sorry but for once I hate being a long-term shareholder in this company.  I'd rather be a penny flipper and make money instead of holding long and waiting to go up and drop again, for no reason.  Seriously, this is getting ridiculous.  Weak weak hands are holding NAG these days.  And don't tell me it's all about the Greece news.  Even without Greece turmoil right now, we still wouldn't be at 0.20.  We would probably be at 0.16.  Lack of news.  It's almost like NAG does this intentionally.  Maybe they just keep exercising their options and selling them for a penny gain.  Over and over again.  i guess that works for management that has millions and millions of shares in 3-4 different companies.  End of rant.
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