Post by
mdzgn2006 on Apr 06, 2009 8:11pm
Took a peek at the GXS
board a minute ago. There seems to be an uneasiness about NAG and a nervousness about today's NAG NR.
Admittedly, GXS has produced very impressive coal discoveries and has enjoyed an even more impressive SP history up until recently.
But in the meantime, NAG became probably the largest landowner in the Saskatchewan coal rush. It, too, can boast a significant find, the Adamas coal discovery. However, most of NAG's coal resources in Saskatchewan are yet to be mapped, beginning with the drill program around Tobin lake as the first step.
The real reason why I think some on the GXS board are nervously looking over their shoulder is because of NAG's West Virginia venture which, by every indication has the potential to become a coalmine, not just a discovery, AND producing REVENUE
Which is a lot more than any junior company in the Sask. coal play can say today.
Comment by
pocotrader on Apr 07, 2009 1:27am
Why would any GXS shareholder worry what NAG does, its the other way around IMO, I own shares in both companies, if the next GXS NR is really good all the area plays should benefit.