OTCPK:NGMBF - Post by User
Comment by
nemo3on Dec 13, 2011 6:31pm
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Post# 19319183
RE: Dear Santa,
RE: Dear Santa, yes, a lump of coal would b better and worth more!. Personally, i can't c NAG ever being a success. the small coal properties are just not economical and you can find the same sort of dismal results like other small players in coal like royal coal. there just is not enough money left in these small coal properties to make it economical for any of these companies....nag included.
the sk coal property....forget it. even if coal is on nags property in sk - it is meaningless when u look at GXS - goldsource. they have lots of coal but in the same area but it is full of sodium, water bound and would cost over 1 billion to make a mine. if the GXS coal was of value, the chinese would have scooped it up already. and the planned merger with zeep is off and therefore it leaves gxs with no market for their coal. Very different than the coal ...say from grand cache coal.
wait for the next agm next year....there will likely by a consolidation of shares and then the game continues.
people that run these companies make mega bucks but most will never do the same for their shareholders. it is a great living for the people that run these companies.