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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Saturn4on Apr 11, 2011 5:50pm
232 Views
Post# 18415938

RE: RE: RE: RE: RE: Looking for an entry point

RE: RE: RE: RE: RE: Looking for an entry pointThat's a good chunk ... I can't say if it was a good call or a bad call only time will tell ... for my sake and all those invested still I hope it was a bad call on your part (just being honest :) ...)  .... If you call IR you will notice that they are now starting to pump 1) W. Virgina - with coal prices rising might be economical to mine there 2) LL is still there 3) Sask.  4) kentucky seems to be on the back burner with all the problems they are experiencing.

I'm just curious to know whether NAG got burned with M3 going bankrupt (i.e., did M3 pay NAG for the coal they mined or just pocketed the $$$ and filed for bankruptcy ... I think they did mine coal but if NAG didn't get paid, then NAG's probably hooped) ...Could be another reason for the PP ...

Seems to me NAG just does not have any LUCK whatsoever.  Delays in getting permits, when they do get permits they have problems with contractors, they hire new contractors (3x by-the way now and moving to #4), then more delays with permits for roads - mine #3, the delays require more $$$ which means more PPs and dilution ... Nothing seems to be going right with NAG ... When is this curse going to be lifted?
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