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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by marketmover1on Dec 11, 2008 5:38pm
305 Views
Post# 15641406

RE: NAG SEEMS DEAD

RE: NAG SEEMS DEADYou don't think I haven't talked to IR boy. I have heard enough out of those yahoos to last me a lifetime. Nothing NAG IR has ever told me has ever come true. Like I say where is the proof. Until they put out a NR stating they have signed contracts with strip miners to mine an x number of tons/day at an estimated cost of x $/ton to be sold a x $/ton to a bona fida buyer. Then it's just rhetoric. All talk no action. As far as contractors being paid when NAG gets paid think again. I work for a service company that supplies the oilfield and whenever juniors like NAG with questionable access to funds come looking for services a certain % of the contract is paid up front and in certain cases it's cash up front or no soup for you. A lot of times even before product or equipment leaves our yard the check has to be in the bank, although that would be for companies who have a clear history of not paying their bills on time. But you are right time will tell. Hey just look back at the NRs for SLT and NAG. Then at the end of each news release ask yourself did whatever was described in the NR lead to a positive move for either company and/or for the share price. I think that will answer a lot of your questions in regards to what IR says and what actually transpires. IMHO

GLTA
MM
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