RE: CharlesEither he is clueless or a genius. My take on the options is that it is a way to reward employees -- yes yes -- everyone's asking what for .... If you take a hard look at NAG, it encountered many unexpected delays (delays which were not necessarily the fault of management) --- yes yes -- I agree, less talk more action is needed and IR sure does know how to talk --- Having said that, I think NAG knows its on the cusp of becoming a viable money making company and the s/p will probably reflect that once everything is in order. We're getting close. As a CEO I would want to take care of my employees and what better way than give them options now while the s/p is low?
There is no denying that NAG has been doing SOMETHING. Got the permits for mine #1, mined it, learned from it. Got permits for mine #2, mined it, saw its mistakes, stopped mining, and got another operator - hopefully to correct any problems. Got permits for mine #3 and will be producing soon. Permits for other mines in the works ...... This year may be THE year!! So, there is no denying that Charles and the gang have been hard at work ... For all of the frustration we as longs have encountered I'm sure NAG(meaning officers/employees/directors) has encountered the same.
I'm frustrated as most here, but I've been here for 2.5 years ... what's another 6 months??
I must say, correct me if I am wrong, but when the options are exercised, doesn't some money go into NAG's till too? One way to get some money coming into the company too until NAG starts to actually make profit. Mining is expensive. Charles flipping options gets money into NAG's till .......
I'm giving NAG the benefits of the doubt. I used to follow the CMK board before and saw the same ranting and raving -- Look at CMK now? Maybe NAG can shine not too far into the future ... I'm holding and will continue to until I make some good coin on this puppy. I might flip a few here or there but my core holdings will remain until I think its time .........Coal is hot and getting hotter .... My gut tells me when this baby moves, its WILL MOVE BIG. Let's all hope :)
GO NAG GO!!!!!!!!!!!!!!