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

TSXV:NAG - Post Discussion

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Post by SUCYN on Jun 04, 2010 1:42pm

JMHO

I think NAG is already mining #2 under the other company's permit now that the bond is done...

I don't know if they can sell the coal or has to stock pile it until NAG gets permitted...

SUCYN
Comment by TFSFirefighter on Jun 04, 2010 1:46pm
hey sucynsure would be a nice jump start if that is actually the case.tfs
Comment by Saturn4 on Jun 05, 2010 8:04pm
If NAG was already mining, don't you think we would have heard about it?  These "applications" for permits or transfers being made, will be made or takes 3 weeks or 30 days or 90 days or whatever is pure B.S. ---------- this last NR was quite insulting to me, an investor whose been holding on to NAG shares and accumulating for the past 2 years ...  hearing all the hype from ...more  
Comment by Perform4u on Jun 06, 2010 11:29am
About the Permitting Process Permitting for coal mining in Kentucky is an extensive process designed to ensure that all established standards of operation are met and that the public and environment are protected. The process has several stages that can take anywhere from 7-14 months to complete. On average, it takes about 12 months for a permit to be completed. Each permit involves the ...more  
Comment by HHAPPY on Jun 06, 2010 11:45am
If you list of compliance steps is correct and time frames are so long  why do NAG PRs give much shorter time predictions? It only aggravates shareholders.
Comment by pitbullish on Jun 06, 2010 11:59am
NAG mine #2 is already permited so no waiting with that!!...we just need the permit transfer to be completed...then they can start mining blue gem coal....so from what NAG said..early july
Comment by OldManWinter on Jun 06, 2010 3:32pm
NAG will never get respect because it does't deserve any. It only about promotion with these morons. The company is a joke and front for BODs to make money, not the shareholders ( They have zero history of creating shareholder value)
Comment by mdzgn2006 on Jun 06, 2010 7:20pm
Saturn,  you are truly lame in the head.
Comment by Saturn4 on Jun 06, 2010 11:25pm
mdzgn2006, why am I "lame in the head"?
Comment by DynamoHum on Jun 07, 2010 3:12am
Perform4u has it right; the permit process can be relatively smooth and done in a timely fashion, or it can be dragged out for as long as two years (case by case).NAG's NR's are ambiguous at best and subject to interpretation. for example:North American Gem Inc. (NAG)(TSX-V symbol: NAG) is one of the fastest growing (?)coal producers in North America. - NAG currently has two fully ...more  
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