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

TSXV:NAG - Post Discussion

North American Gem Inc > NAG's potential
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Post by wallywill on Aug 06, 2010 12:28pm

NAG's potential

NAG is on mine 2 now and mine 3 is next. Yes mine 1 was a big
disapointment but hopefully mgmt has learned from it's mistakes. There
certainly is a risk trying to produce without a feasibility study to support
it but that in itself takes a lot of time money and resources and still does
not guarantee a sucessful venture. Mines 2&3 have been drilled and has
given them enough reason to proceed forward.
Give mgmt enough
credit to at least try and create a source of revenue for the company
instead of doing nothing. There will be further bumps along the way that
I am sure of but I am not ready to bail just yet.

Goldengirl you have
made your agenda quite clear to the board and are here just to flip
shares. You have no interest whether the company succeeds or not as
long as you flip for a profit. That's ok, that is your choice. You could get
burned along the way. Good luck with it.
Fear mongering is not my cup
of tea.
I am still hopeful that things will play out well in Kentucky for
NAG and it's projects in Saskatchewan.

GLTA
Wallywill
Comment by actionplanner on Aug 06, 2010 2:05pm
Well put Wallywill  I totally agree with everything you posted.
Comment by axel22 on Aug 06, 2010 8:47pm
I cann't believe what I am reading. You are telling gg that she has no interest  whether the company succeeds or  not and just flipping for profits? How long have you been in NAG? How many shares does our feerless leader own and for that matter any of the others? I think if you look not much over a 100,000 and guess why? Because every chance he gets he issues cheap  options to ...more  
Comment by wallywill on Aug 07, 2010 12:43am
Yes that is exactly what i am saying. Just read the posts for yourself. I also said that if she chose to play it that way that is entirely her choice and I never bashed her for doing what she wants. I myself have flipped some Nag shares just like Charles since 2008 so I am not a hypocrite. I will not blast him,GG or others if they do the same.However this being said I still  ...more  
Comment by ivanhoe2 on Aug 07, 2010 9:02am
From what I've seen when Nag gets down to .11 or .12 cents it's a good time to buy . Watch and it won't be that long before it bounces back to at least .14. By the time the kiddies get back to school we should see higher stock prices. Right now we are threading until we get more news or hear how great the tons of coal is coming out of mine 2.So I have  bid in at .11 and an ask in ...more  
Comment by Matese on Aug 07, 2010 11:06am
someone here posted that NAG never had a prefisability study done,mine#1 was not very profitable, is there any indication that mine#2 will be profitable?
Comment by donat50 on Aug 07, 2010 1:45pm
Same BS all the time .Mine#1 was there first operation they wanted to be a producer as fast as possible .They did that .At the same time they have been lining up future mine to continue the production .Mine #2 should last 6months to a year while #3 is expected to last 10-20years as well they have 4 to 5 more mines in the works .Charles has stated by the end of 2 years he expects 1 million tone ...more  
Comment by mark117 on Aug 07, 2010 7:34pm
YA YA it's the same old BS time after time  we are getting there sssooooooooooooonnn . Ever get the feeling your being boopped . YUP.
Comment by angelnicky on Aug 07, 2010 8:29pm
the most Nag will ever mimed in a year will be 100000 tonnes. Company will file for chapter 11 by next year, they cannot even make a profit  TO COVER THE BOND COST, regulatory agency are getting scare with fly by night companies who may go under so quickly and the State will be responsible to reclaim the mess the mining company left behind. Obama will be stopping this soon.
Comment by actionplanner on Aug 07, 2010 11:24pm
Nicky, please back up your statements with facts from now on.... Of course if you scare anyone into selling @.11 I will buy that..All we need to do is look at NAGs website to know differently.. I assume you want more cheap shares as well..
Comment by ryanru on Aug 08, 2010 7:51pm
If you can make such an unfounded claim so can I-NAG will be producing 2 Million tons a year!!!!!  It doesn't sound any better when I say it does it?
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