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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

North American Gem Inc > GOOD NEWS FOR NAG
View:
Post by scipper on Sep 10, 2008 1:33pm

GOOD NEWS FOR NAG

NAG has increased its value as a take-over target.

NAG has brought cashflow potential into a shorter, manageable time-frame.

Nag as gone international.  It has diversified its holdings in an area that has been mining coal for hundreds of years.  Permits and local expertise will not be a problem and be readily available, both in West Virginia, but also to employ in Saskatchewan later.

In this way they have also purchased knowledge and experience which will give them an edge in Sask.

Because of all this, it has increased its over-all value as an investment.

This news was unexpected and not yet digested by the investment world at large.  When it is, I believe you will see an appreciable increase in share value.

What would I do next?  If Louse Lake is any good, I might sell it to SLT and then announce the positive results on the last Drill season.  This would increase SLTs value, and clear the decks for NAG to be a focused coal company.

I think the moves that NAG has made give reason for confidence for the future.

NAG is a bargain at these prices.
Comment by RCisback on Sep 10, 2008 1:37pm
well said scripper.
Comment by shane117 on Sep 10, 2008 1:47pm
NAG will do good in the far future but for now the s/p is going no where. You talk about take outs? Companies especially these miniscule small caps don't get taken out. If they do then they have to atleast be a fully operational mine with distributons. With that said, NAG is very very far away from that in fact, years.
Comment by Loudermilk on Sep 10, 2008 1:58pm
     All a company needs is a NI 43-101 to be taken out.  GEA didn't even have that and they've been bought out Gold Corp.  Majors will buy-out a junior before a mine starts to get bargain basement prices and actually make some money.  With coal prices where they are any junior with promising properties are on a majors radar and you can bet they are ...more  
Comment by HHAPPY on Sep 10, 2008 2:00pm
My Google search shows a present spot proce for West Vwirginia coal at $148.00 a ton.!!!. Can anyone else give a better link??
Comment by shane117 on Sep 10, 2008 2:06pm
WTN, GCE or CMK would get taken out before any of these Sask plays including GXS and NAG.
Comment by Loudermilk on Sep 10, 2008 2:25pm
Historical Average Weekly Coal Commodity Spot Prices (Dollars per Short Ton) Business Week Ended September 05, 2008
Comment by scipper on Sep 10, 2008 2:30pm
Louder--excellent chart!!  grinning from ear to ear!will NAG join the billionaire's club some day not that far away?
Comment by HHAPPY on Sep 10, 2008 2:41pm
Thanks for the Chart. A chart is better than a thousand words!! NAG will be a winner!
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