NAG share priceCall it bad luck, call it a game, call it whatever you want. But it's been done before and it's the same thing over and over again. I know the Greece crap that is going on. And the possibility of other countries joining in, blah blah blah. But how frustrating is it to have a company like NAG, a coal producer that will only increase their production exponentially over the next few months/years, sitting at 0.145? It's the same game being played again and again. This is a true test of patience for the long term investors. We go up to 0.20 numerous times, only to slide back down to 0.14-0.15 range. Guess what? In a few days/weeks, we will go back up to 0.20 on news. Briefly that is. No matter what kind of news. Well, we already know the news: transfer of permit and production on mine #2, acquire permit for mine # 3 and set up production to start shortly, and lastly, producing close to 12,000 tons from mine #1 (including the 3rd auger). But what will happen to our share price? Oh right, we will test 0.20, then over the next 4-6 weeks (while we are producing from mine #1, #2 and starting #3), we will drop down to the 0.15-0.16 range. Then the next news release will put us over 0.20 again, only to drop down again.
When will this stupid game stop? I'm sorry but for once I hate being a long-term shareholder in this company. I'd rather be a penny flipper and make money instead of holding long and waiting to go up and drop again, for no reason. Seriously, this is getting ridiculous. Weak weak hands are holding NAG these days. And don't tell me it's all about the Greece news. Even without Greece turmoil right now, we still wouldn't be at 0.20. We would probably be at 0.16. Lack of news. It's almost like NAG does this intentionally. Maybe they just keep exercising their options and selling them for a penny gain. Over and over again. i guess that works for management that has millions and millions of shares in 3-4 different companies. End of rant.