Honestly.This NR does nearly nothing to change the company's fundamentals.
NAG is producing the same amount of coal it was 2 months ago, albeit at a higher grade and therefore profitability. It had "buyers in place" for all it its previous coal. I highly doubt that this mine makes the company profitable. That will take mine #3 and beyond.
The people on this board knew that mine #1 had closed LONG before the NR. Why did it take so long for management to communicate that to the market? Poor management.
The market had already priced in mine #2 coming online. Today's trading volume will be from day traders and people who needed confirmation that management could actually follow through with a part of their plans.
I don't expect that the SP will go over .20 before mine #3 coming online. I hope to be proven wrong, but I highly doubt it. I think we see .13 again before .20.
I'm not bashing, so save the mud-slinging. I still have my shares. I am just calling it as I see it.