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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Loudermilkon Jan 23, 2009 2:55am
429 Views
Post# 15722994

RE: Buy CDB.v...not

RE: Buy CDB.v...not     Actually, Beerbreak, until there are drill results they really have nothing other than properties that may have coal or potash.  With $750 000 in the coffers they won't be drilling for potash anytime soon as potash drill programs can run companies well into the millions.  So, unless they really do have 430ft of coal somewhere and they can run the share price up to a level where they can do a substantial PP, it's all speculation.   For some reason I don't expect them to make their shareholders boatloads of cash, they're just the flavour of the day because some yahoo started some rediculous rumour about historical intercepts.  There are better companies out there.
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