RE: Also Cash Position - Q2 Financial StatementKT, are you NAG’s IR? It seems you know a lot about this company. I wonder how many aliases IR use these days. lol
NAG was nothing (a 5cent stock) before it started coal P & D. Adamas is not a poor family which has to give away its baby to a wealthy family for baby’s consideration, besides, NAG was really poor at that time – a 6 cent stock.
If it is a really coal property, Adamas should develop it by themselves. Does Adamas need 1 million NAG shares? They can always take NAG’ PP @12 cents, then 1 million shares only cost 120K.
Check Q2 statement yourself once again.
The cost is $7500+ 135000 shares and they got the total cost of $142500 ( the statement is prepared by management, and this is why money & share can be added together).
If the share number & dollar value can be added together, how do you think the accuracy of the statement? No problem, it is un-audited and is prepared by the management.
How much cash NAG has now, did they pay the permit? I don’t know, only IR knows and if you know for sure, you may be one of the IRs.