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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Durkastanon Jun 04, 2010 9:18am
380 Views
Post# 17158096

RE: NEWS this morning

RE: NEWS this morningI'm as confused as you are... I saw the news come up on my Reuters screen and I am comparing the NR from Apr 8 directly to the NR from a few mins ago. The only difference between the two seems to be that they've posted a bond.

The NR from Apr 8 says that the permitting process typically takes 3 weeks. 2 months later, the NR says that the permitting transfer typically takes 30 days to complete.

The only thing that I can take from this is that the APPLICATION portion of the permitting is over and has been granted. They've now posted bond and are waiting to get the actual permit in their hands? Seems like a classic case of bureaucratic nonsense to me... hopefully that's the problem. It could be that NAG's PR/IR department is simply terrible at communicating.
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