From NAG’s Q2 statementAdamas (Sask.) Property, everyone’s hope coal property.
How much was the acquisition cost??
$7,500 cash + 135,000 shares.
How come NAG could acquire a prized precious “coal” property with such low low cost? and NAG acquired it when every other exploration company knew GXS had extensive activities in the area?
The market gives every land a fair value, my house is well more expensive than NAG’s acquisition cost.
As Happymon pointed, it was a perfect storm, yes, even a small broken boat could be lifted high and move real fast by the waves, but eventually, the wave will hit it hard and destroy it.