Keep up the informative posts drummerwhile Charles and his puppets(mdzgn,wortep,hhappy,goofinfo,rcisoncrack) stick their heads in the sand drummerboy keeps things real by posting facts. Fact is that coal supplies are increasing whle prices are dropping and as long as the natural gas prices are as low as they are and the recession continues the coal oversupply will continue to rise and coal prices will continue to drop. So how can NAG and it's management become a coal producer??? First of all just look at NAGs past history, this management team have never been successful at anything let alone become a coal miner. Also where is NAG going to get the cash to begin coal production, any cash they had they lent to Charles other venture in KBC.V who I doubt will ever pay it back by Charles self imposed deadline which has already been delayed. So the other option is to go the the market for another large private placement further diluting the already high outstanding shares in NAGs float. And I believe that NAG will not be able to raise any cash in the market, who will want to invest in NAG who wants to start mining coal with no resource estimate let alone a pre feasiblility to back up a profitable mining operation not to mention the falling coal prices. So while Charles would like shareholders or potential investors believe that NAG will become a profitable coal miner the fundamentals paints a different picture to the contrary. This of course is all IMHO.
GLTA
Mud
Hurry up and get this post pulled charles before to many people read it.lol