RE: The Old NagSo, you bought NAG during the coal boom in Saskatoon hoping for a stellar rise like GXS -- Well, NAG did go to .65 but I'm sure you didn't sell --- like many of us. Then we had the recession and ALL stocks dropped, not just NAG. Can't blame NAG for that.
I agree, lots of delays and mine #1 was a disappointment but NAG made it very clear at the beginning that mine #1 was a test run. I believe they broke even or just under. Not bad for a test run.
Mine #2, they ran into problems with the contractor and had to hire M3. M3 has been on the job for under 2 months and you are complaining that their website isn't running? If they are producing coal at mine #2, what's the beef with the website?
Mine #3 they are delayed because of the roads ... again, probably not NAG's fault.
Folks, these are mines - coal mines. They are big operations. You have to be patient. Complaining about websites and how much a CEO gets paid and where he sits as a director is ridiculous.
Give it time. I must admit, I get caught up in the frustration myself but bashing like this is ridiculous...
Much of this NAG is to blame for their persistent over promising and under delivering ..., get passed that and realize that they are doing what they said they would be doing but its just taking more time than we thought ....
So, now, on the cusp of mine #3 producing (which NAG always said it is the BIG ONE) everyone want to sell?? Geez... Go for it ... I've accumulated quite a bit of shares and probably will buy more ... GO NAG GO!!
Coal is hot and probably will get hotter ... we might see the meteoric rises in coal companies that we saw in 2008 ... with NAG producing and still having the Sask. properties, imagine where the s/p could be... Sell Sell Sell - the sky is falling --- Whatever, to each there own, after all, its your money to grow or lose ...
All penny stocks (all stocks for that matter) are risky ... these penny stocks are more risky ... you can either lose it all or make some great $$$ ... NAG is no different. I'm hoping to make some great $$$ as opposed to losing it all ...