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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Sep 30, 2009 5:29pm
183 Views
Post# 16351721

RE: RE: What a P.O.S. the s/p is....

RE: RE: What a P.O.S. the s/p is....Trading halt?  I highly doubt that.  But then again, who knows.  NAG is capable of anything.  Remember last year they halted the stock for "priority letters" for Saskatchewan if I'm not mistaking.  Anywho, I don't thik they will halt.  I think they would only halt it if they need to announce something out of the ordinary, that is not expected of them.  But since it's expected they start producing in October, I think they will simply just release an NR, whether during the day or at the end of the day.  As for the NR, I think it will be a small NR stating that "NAG has started production in Kentucky on Mine #1".  Also, they may throw in a quick update on "Mine #2" and state that it is on track and production should beging in early 2010.

As for the price, your guess is as good as mine.  I don't anticipate much of a change.  Maybe we will hit 0.10 on high volume and volume will continue for a week or two, then we will go sideways for a little until other developments in Kentucky, WV, or Saskatchewan take place.  In my opinion the biggest increase will be once they issue their interim statements and ppl see that Kentucky #1 has brought in revenues and most importantly, NET INCOME.  GLTA.
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