RE: RE: I wish they would set the record straightThe truth is no correction will ever be made to us, shareholders. NAG management can simply state that the predictions they previously made were made with the best (or most reliable) information they had at that time. Things change. They can just play dumb and state that going into coal production (from explorer to producer) is new for them and that a lot of things happened (and a lot of delays took place), which they did not anticipate...blah blah blah. All the meanwhile, nothing stops them from starting mine #2 eventually, the share price going to 0.16, then delaying on mine #3, while the share price decreases to 0.12 again, then start mine #3, share price goes to 0.20, then delay mine #4....etc. etc., all the meanwhile they can easily unload (their shares and options) on the price increase, and then rebuy at the lower price and do it all over again.
I've said this before and I'll say it again. Management can make money not just from the stock going to $1. They can make money due to the swings (and time delays between mine permits, productions, results, etc.). Us, shareholders, can only make money from a continuous increase in share price (unless of course we are day traders or short-term holders). So in reality, management does not care so much for a continuous increase in share price as much as they care about the fluctuations. You want proof? How many shares does Charles (and management as a whole) own right now??? Is it 10 million? 20 million? No, they own a lot less. And that's because they flip them for 0.005 and 0.01 gains whenever they can.
Great job management. Keep flipping while we're stuck in the teens. Actually, sadly we are not even in the teens. Hope management gets their act together and instills some confidence in the shareholders.