SEDAR NAG's annual financials for 2011 and accompanying MD&A dated May 1 are available at SEDAR. They can be summed up by the auditor's statement that there is significant uncertainty about the company's ability to continue as a going concern. The numbers are terrible - zero coal revenue, $99K cash, $213K loss, operating loss $4.5 million, deficit $22.7 million. They have written off coal properties in Saskatchewan and Kentucky. The CEO was paid $177,500 in 2011. The only thing left appears to be the potential at Louise Lake but that would appear to be a long shot. If anyone can review the SEDAR materials and find any reason for optimism I would be delighted to hear about it.