OTCPK:NGMBF - Post by User
Comment by
lucci2005on Aug 20, 2009 10:17am
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Post# 16233944
RE: Level 2
RE: Level 2Last traded basically 2million shares within the first hour.
Last traded at 0.085
Bid size is 999 at 0.08
I'd say something is definitely up. If you look, the other area coal plays are also up. GXS touched 2.00. The way I see it it's only up from here. As for the GXS vs NAG comparison, for any potential investors looking to buy either GXS or NAG, consider the following. Sure GXS will go up more in price than NAG. That is a given. But if you buy GXS at $2/share and it goes up say to $8 (which is very reasonable, especially with all the drilling they are doing and the potential of production). That is a 400% return. But if you buy NAG at 0.08 it must go up to 0.32 to get the same kind of return. In my opinion, it will go a lot more than 0.32, especially with drilling in Saskatchewan and production in the near future in WV and Kentucky. So it's a better return. Not necessarily a better company or better management but ultimately more money in your pocket. This is all in my opinion of course. But if they do produce in WV and Kentucky and they do find a couple of "GXS" holes in Saskatchewan, 0.08/share will look like a joke. GLTA.