RE: RE: PRODUCTION NEXT WEEK !!!!!!!!!!!!Do I think this is a pump and dump? I sure hope its not!! I tend to agree with Lucci's post - for the amount of work NAG's putting into Kentucky et al., it doesn't appear to be a pump and dump. By-the-way, i haven't seen no pump yet ... I ask the question ... does it really matter if its a pump and dump? If NAG hits .50, we've all most likely bought in soon enough to make some profit. I guess ya just gotta know when to sell and buy (for the newbies) ... I've learned that these venture plays are like riding a roller coaster .. up and down ... with very few "real" long term holds.... I sure didn't figure it out earlier ... I've been holding on to NAG for over a year now!! BUT, to be fair, the market meltdown really hurt NAG and IF NAG's plans for W.V, Kentucky, and Sask. actually pan out ... this is definitely a could be long term play for me....(as if I haven't been holding on long enough already) .... I will see. Maybe I will sell once the s/p hits my average ... I'm leaning towards that right now .... maybe I will continue to hold ... its all speculative right now ...
The one thing that really worries me more than whether NAG is a pump and dump is whether the economy will stabilize and whether the markets will come back on track. It's looking good now, but even the short term outlook is "iffy" ... I think the overall health of the markets will really determine how well NAG does. Healthier the market, the more risk appetite is out there ... Don't kid yourself if you think NAG has anything yet ... all it has is LL (which in and of itself doesn't look too bad now considering the price of metals), Sask. paper, W.V. paper, Kentucky paper, some more paper and some augers ... I think that's what the market sees as well ... Once NAG goes into production and the market sees that NAG is serious ... we may be looking at a whole new ball game ... a more exciting one ... Good luck everyone ....
P.S. - dow jones coal index is looking good again and from reading the GXS BB it looks like GXS may have its 43-101 out soon too ... let's hope everything kicks up into high gear so we can make some money from coal!!