North American Gem Inc V.NAG

Shane ...

[Saturn4]

What is the date on that article you posted re the Court ruling regarding surface mining?

[shane117]

Coal price hikes likely if mine ruling sticksMon Sep 22, 2008 10:41pm EDTI pulled it off of the CMK board. Don't worry though, this will onky affect CMK in a positive way. NAG in a negative way.

[Saturn4]

Thanks.

[Saturn4]

Shane, I read the article and found the actual decision (I hope its the same decision).  I skimmed the decision as it was lengthy.  I could be wrong, but IMO the decision does not directly apply to NAG's potential acquisition of Applachia ... for the following reasons:1.  The decision talks about "mountain top mining" - Will NAG potentially be mountain top mining?2

[lalala1]

Also (and correct me if I'm wrong, which I usually am lol) but1) NAG hasn't bought/issued the 8,000,000 shares for anything thus they could cancel at almost any time if things change. 2) they don't have a mine yet so technically couldn't they just open an underground mine?  The main issue the enviro's have is with the potential/ past containment of the drinking

[shane117]

You must have also received a call from Jeanie from I.R. today. After further discussions with Jeanie, the ruling in regards to surface ming/strip mining will not affect NAG. NAG is also going to start the strip mining within weeks. So, I bought a liitle bit back today and if everything goes good will continue to add to my position.

[Saturn4]

Nope, didn't talk to Jeannie today.  I read the decision and made my own mind up ... Good work on posting the article ... NAG's looking better.

[Saturn4]

P.S. - Jeannie called you?

[shane117]

To be quite honest with you, I am pretty nervous buying NAG again in these market conditions. What I like is that they are up next for permits and even though once they get them it won't affect the s/p, but they will start drilling almost immediately, unlike the other Sask. plays ie. WGF & SMI.NAG will also be releasing an NR within a couple of weeks about the Appalachian play. IMO, it

[shane117]

Yes she did. Lol, I think that she does her own DD, reads these boards and follows up accordingly. She's probably reading this post right now. By the way, she did not break any rules and release any insider info.