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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Feb 05, 2009 12:05pm
213 Views
Post# 15754892

RE: well

RE: wellI'm not bashing and I'm not pumping, but these are my thoughts.

NAG has taken too long with all their properties at the moment.  Other companies in Saskatchewan has received all their coal permits.  NAG has not.  So they're still waiting.  Also,  other companies have started drilling (like GXS).  NAG has not.  So GXS could hit coal anyday now.  NAG will only do so when they drill (which could be months from now).  Moving on to Appalachia.  NAG isn't producing there either.  In fact, they don't even truly know what's there to begin with.  So they are taking their sweet time there too.

All in all, they are moving very slowly.  I'm not a daytrader.  I'm in for the long haul so I don't care if it goes up or down 1 or 2 cents.  I know in the long-run they will be fine, if they actually start drilling in Saskatchewan and producing in West Virginia.

So for all those frustrated shareholders, I feel the same way.  But I'm haning in there.  Simply because their potential is huge.  They have the most land in Saskatchewan.  So let's wait and see what GXS reports and if we can use their results to identify where to drill.  They also have huge potential with ACC, once they get their permits, etc.

So good luck to all and hang in there if you can.  If the markets were the same as they were in June/July 2008, NAG would be sitting at around 0.25-0.30 in my opinion.  GLTA.
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