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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by sumosalaron Aug 29, 2009 3:16pm
250 Views
Post# 16261402

RE: goodforu11

RE: goodforu11
Mr Bean, I could not disagree more!.

Coal is King and will be for decades to come

Presently, coal accounts for 60% of all electricity produced around the world and that is not going to change anytime soon, regardless of what Gore and Obama would have you believe.

As the world economies recover, the demand for coal will rise with a concommittant increase in the price of coal, and this will be measured in years and not decades as you claim.

However, it should be pointed out that not all coal companies are equal and that the larger ones, such as TCK.B and ARCH, will be the first to benefit. It is unlikely that small exploration companies, such as NAG and GXS, will really amount to anything.

Having said that, I still hold shares in NAG and would neither be a buyer or seller at this time but December 20th could be a different story as I prepare to do the next income tax return.

GLTA,

Sumo.
.

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