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

Bullboard Posts

Comment by palladnon Nov 29, 2005 9:47pm

200 Views

Post# 9937191

RE: Cup w/ Handle

"The smaller the retracement is, the more bullish the formation and significant the breakout." Yes. The right side of the C&H was clearly 'aborted' UP early on all the news of new properties being signed so there wasnt the 'perfect' 'washout' of stockholders who grew tired of holding as news of the new props made them confident management was on the ball! Thus the smaller C&H within the larger C&H (actually looks like a 'mini' C&H in the smaller one's 'handle'