With the weekend credit crisisit looks like Marrets will be hard hit. Especially with hedge funds being forced to liquidate to cover margin calls.
Glad Nag IS IN COAL AS THAT PRICE SHOULD STAY HIGH
Following I post late on Friday
'
There are things we know and things
that have to happen with Appalachia Coal deal
Weknow that NAG expects to have all TSX requirements except for 43-101before Sept 30. They already have some permits to remove coal from someof the property.
We know they have at least three coal streams thatare capable of strip mining. They intend to begin production ASAP [IEafter the regulations have been fulfilled.
They must have a contractsigned with a mining firm to do the strip mining. They must have abuyer for the coal as it is produced, They already have geologistopinions on where to start. Further strip mining will be started as thegeologists identify more areas and permits are obtained.
They have a production manager under contract to advance the projects.
The coal excavated and processed must be economically sound or they will not proceed.
Allthe above does NOT require a 43-101. That will be done as the projectfirst proves economically sound. Once the 43-101 is completed ,then acomprehensive calculation of the total projects viability will beevident for all shareholders.
What we do know is that management is confident the first stages will be revenue productive to NAG.
All other DD will be revealed as they move forward.
Managementis astute enough to realize that the Saskatchewan Coal project is beingdelayed by permit matters and that ground work will have to be done aswell.
In this Market the share value is of no help to finance anysuch activities. So they have found a project that WILL BE REVENUEpositive while Saskatchewan is advanced.
Do your own DD Within 4weeks we will probably have first revenue figures to mull over and knowif management has acted correctly.
Good luck to all shareholders.