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.

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Nagambie Resources Ltd > Charles and his people

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Comment by wallywillon Sep 08, 2010 8:32pm

451 Views

Post# 17427185

RE: Charles and his people

"But now, the real problem facing NAG, charles and his people is that cash become less and less, while the share price becomes lower and lower. Because the outstanding shares are too large (over 200million??) and too many retail traders in the play, it is virtually impossible to lift the share price."

I have to agree.. big disapointment after the close. Could a share consolidation be the next move by mgmt?

BTW: Can anybody find any information on KMP?

The risk has become more evident,

Regards
Wallywill

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