Just a reminder boys and girls thatNAG is pursuing BLUE GEM coal permits. One of three coal seams of this nature in the world.
Please read this article on market wire from October.
https://www.marketwire.com/press-release/North-American-Gem-Inc-Acquires-Additional-Near-Production-Blue-Gem-Coal-Leases-Kentucky-1059079.htm
Blue Gem Coal is one of three coal seams in the world that are best suited for production of silicon metals. The other two are found in West Virginia and Columbia, South America. Of the three, the Blue Gem Coal seam is the most sought after. For this reason, it is not only consumed in the U.S., but also exported extensively to Canada, Norway, Iceland, India, France, South Africa and even Egypt
Spot price of Blue Gem Coal is about 120 / ton according to IR at NAG. Visited the booth yesterday and talked to Mark. I suggest you call the office and ask questions...very interesting and exciting stuff.
The Market Makers will continue to do what they do with this and other stocks. They are there to add or create liquidity in a stock.
I think we are headed to 22 cents in the near term. It all depends on when the MM's decide to take it up to the next resistance level.
https://i47.tinypic.com/wpx5h.png
Just MHO
Due your own DD as always.