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

TSXV:NAG - Post Discussion

North American Gem Inc > poor performance???
View:
Post by Invesking on Feb 18, 2010 12:21pm

poor performance???

I would say that management would disagree with that...

they have no problem making their 20 to 40% every 6 to 8 weeks, so they are doing well.

In my humble opinoin, from my own experieince, these guys are the kings of the pumpn'dumps... look at the trading history of this and SLT,...

If you want to make money, buy at a dime and sell at .14 or .15. Do as management does.

All in my opinon. Just in case you are actually expecting this to take off, you may need a reality check.
Comment by Saturn4 on Feb 18, 2010 12:41pm
I totally understand this negative talk.  I am feeling quite frustrated myself.  The only thing that keeps me hanging is 1)  Permits for mine #2 should be out by the end of the month, if all goes well (as per mdzn's post earlier).  With the permits, NAG should be producing at mine #2 relatively shortly, within a few weeks after permits.  The potential there is about ...more  
Comment by Stampede1 on Feb 18, 2010 12:56pm
Madmoney Your post the other day on mine 1 flooding etc. (true or not) was the final straw for me and pushed me to sell the bulk of my holdings (at a loss).  I'm back here to thank you.  I invested in FIS at .47 and sold today at .83.  In one day I made up my losses at NAG.I still believe like everyone else here that SOME DAY NAG will shine, but I'm sitting on the sideline ...more  
Comment by Saturn4 on Feb 18, 2010 12:59pm
Stampede, you just got lucky.  Dude, you made an investment decision based upon what a poster said without confirming it?  You must have horse shoes up your (you know where), LOL.  Good on ya, I wish I had the balls and luck to make a trade like you.
Comment by madmoney3 on Feb 18, 2010 1:15pm
Well I'm glad you made money and hopefully you get back in and hopefully make more mad money.  My intention wasn't to bash this stock but make other people question IR and management. Their NR's are inconsistent with any actual time lines, hopefully they can answer this at the PDAC.  I have a question does anybody know why in the last week in a half why the bids and ask are ...more  
Comment by Stampede1 on Feb 18, 2010 1:23pm
SaturnIt would appear that was the case but in reality I've been tracking the events at FIS for some time and was gauging the potential short term upside vs. NAG.  I was no longer on the fence, I was falling off of it.  I've seen the current situation with NAG many times before and had been in this hopeful position before.  Unfortunately hope never pays off the way ...more  
Comment by angelnicky on Feb 22, 2010 6:07pm
Look ou Nag is on fireManagement must change their mining strategy in order to growVery little cash on hand to cover operating costsThin seams mining is uneconomical at low tonnageNo mining costs mention in past new release such as stripping ratio costs , cost per ton, saleable cost to make a investment decision if project is viable
Comment by Porsche928S4 on Feb 22, 2010 7:35pm
AngelN,..everyday you post 'blah blah' but you don't bring any facts,....did you buy to soon and you're upset?   What gives,...bring the facts or post accordingly.   Friggin unoriginal waste of bandwith,...imho
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