Cost of acquisitions.... Ahh....Enma
Since you said to have got the Adamas costs from Q2 statement, here it is:
a) $7,500 payable on signing of the agreement (paid);
b) Issuance of 500,000 common shares upon regulatory approval of the Letter of Intent
(issued at a price of $0.27 per share); and
c) An additional 500,000 common shares if a decision is made to drill test for coal or
other minerals.
Simple facts you can’t get them right, how are you going to judge whether the properties are good or bad, or keep you boss happy and your job longer?
Yes, NAG got them at a great price! Go compare with the conditions of the WER acquisition and you’ll know why?
EG: They didn’t even bother to make coal permit applications themselves. NAG did and paid for them.
Adamas also had made a good choice since NAG has the most potential, besides GXS at this point, to become a lead player in this Sask area and the one million shares become a handsome return for their little effort of signing some pieces of paper.
Also an extra note - I believe NAG had also been contacted by the vendor of the WER deal but declined to take it because of the steep price. Instead NAG staked East & West of what is now WER properties. Good decision!
KT