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North American Gem Inc V.NAG



TSXV:NAG - Post by User

North American Gem Inc
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Post by Aunt_Sallyon Dec 29, 2008 2:35pm
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Post# 15670048

$10.2 billion in combined LOSSes!!

$10.2 billion in combined LOSSes!!"...The deadlock underscores collapsing demand for electricity that's driven power producers' coal stockpiles to a record. Generators may post 70 billion yuan ($10.2 billion) in combined losses this year as the world's fourth-largest economy heads for its steepest slowdown in almost two decades...."

https://www.bloomberg.com/apps/news?pid=20601080&sid=ax3Iq4nHJi8w&refer=asia

This is BAD for coal producers!!!

Aunt Sally

PS: The out look for coal is BLEAK at best!!!
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