interestThere is so much interest in NAG right now. Wow, the last two days of trading and today, I just can't believe how many shares are trading. The way I see it is, we will end today at 0.11 (or heck, maybe even 0.105). Then next week, we will probably test the 0.095 and 0.10 range. Maybe even dip to 0.09. I don't see NAG announcing the closure of mine #1 anytime soon. I see them announcing it as part of their next NR, when they will announce that permit for mine #2 has successfully transfered and that production will begin within a week. Then they will throw in that mine# 1 has been completed. Then of course, they may issue themselves a couple more shares, just for doing such a good job on mine #1 (and #2)...right.
Like I said before, mine #2 won't do too much to our price. Especially when shareholders find out that mine #1 is finished. Judging from the last financial statements, we were losing money on #1. Anywho, we may see 0.13 and 0.14 again (based on #2) but nothing more. At least that's my opinion. The 0.205 (52 week high) and beyond (as in 0.30+), we will see this when NAG announces that mine #3 is operating and that they are producing blue gem coal. On results, maybe we can test the 0.40 range (as long as we are making money). This is all in my opinion. But don't look for NAG to post an NR now just stating that #1 is closing and nothing else. NAG has never been 100% straight with their shareholders, so why start now? Why let the price drop to 0.08? No, they will combine this with other news, to soften the blow, and keep the share price where it is. GLTA and have a great weekend.