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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

North American Gem Inc > What the heck is happening to our
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Post by twebca on Dec 01, 2009 12:49pm

What the heck is happening to our

stock. Ever since the run up people seem to think this story is over. I'm buying more. If CCJ can run up as fast and as far then Nag should do even better.
Comment by Saturn4 on Dec 01, 2009 2:04pm
its always disheartening when a stock with so much potential does not move up with what expectations are ... this may be a good buying opportunity, but it really does not make sense why NAG would move lower like this ... especially on a market day like today ... the venture is on fire!!  It may be a better buying opportunity if NAG goes lower!  I'm actually quite perplexed ... NAG is ...more  
Comment by dhruve on Dec 01, 2009 2:22pm
This post has been removed in accordance with Community Policy
Comment by sandymackay on Dec 01, 2009 9:06pm
NAG is working out the kinks as they move from an exploration company to a mining company. They have just gone into production using one auger and are awaiting the second soon. I dont think they (NAG) will release any numbers until they have ramped up to full production. The NR says they have entered into a contract to supply up to 15K tons  coal/month, but they might only be able ...more  
Comment by heckler73 on Dec 01, 2009 11:43pm
The CEO stated in the video (that CEO Online clip) that #1 will be able to produce about 10k tons a month...but #2 mine is much bigger, and that is where they will be using the high-wall technique...So I figure, once they get the permit for #2, things will start rolling...(and if there is going to be any NR in the near-term, it will be about that...)When did they apply for #2 anyway?(according to ...more  
Comment by wallywill on Dec 02, 2009 12:15am
The #2 mine was first announced on Sept 23rd news release and at that time it was expected to be approved by 90 days. GLTA Wallywill
Comment by ivanhoe2 on Dec 02, 2009 8:18am
That sounds like later this month. Hope the sell off is finished. Lots of good steps being taken and good progress. Can't build Rome in a day and all that. Wish it were faster. Looking forward to the next NR.
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