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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by lucci2005on Apr 06, 2010 10:13am
318 Views
Post# 16960037

RE: Canadian dollar is par with US dollar

RE: Canadian dollar is par with US dollarI would think parity is good for NAG.  Our operations are in Kentucky.  If we make $18 USD of profit per ton, with parity, that $18 will be translated to $18 CDN.  Without parity, that $18 USD will be $17.?? CDN.

So parity will increase our profits.  Everybody agree?

As for shares, insiders will soon run out of shares to sell.  Of course, when that happens, they will simply issue themselves more shares.  I predict this will happen when they start producing from mine #2 or they may wait until mine #3 to announce this.
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