Nagambie Resources Ltd V.NAG

RE: RE: RE: I'm baffled.

[Durkastan]

I'm a fairly recent business school grad, and have recently passed CFA level 2... I have some knowledge of the world of finance, but I would never claim to be an expert at any of it yet. :) I'm always trying to learn more, like everyone here... trying to make sense of investments. I like the forums here because they offer a place for both the good and the bad to throw their views out there and for ideas to be exchanged.

I bought in to this company because of what I perceived to be an undervalued stock, given the previous news releases showing the upcoming mines and their proposed tonnage. I did a quick and dirty comparison with other companies value and their tonnage and decided that there was a lot of upside here. I still believe that... I just don't like the management. A quick and dirty comparison with other companies doesn't tell you anything about management quality. It's clear that they are not putting 100% into their own company. Other great venture companies that I own (larger) positions in have their CEO's putting their lives into the firm. And I have zero doubt whatsoever that they will eventually be large, successful firms in the long run. I can't say that I have the same enthusiasm for NAG.

I don't have much doubt that the NAG's value will grow over the coming year. It will be slow, it will be painful, and it will be frustrating. But I don't believe $1.50 is coming - I'm aiming for more in the 0.30 - 0.40 range. But if they do bring mine #3 online successfully and they manage to keep operations going smoothly at both #2 and #3, then there's definitely at least some upside to be had.