North American Gem Inc V.NAG

Where art thou oh NAG?

[mdzgn2006]

I would like to add my 2 cents' worth to the doom and gloom here.

It is very obvious that NAG's  share price is not faring well these days and has not for some time.  Why?

1. Conditions that have prevailed on the broader market during the early part of this year from which NAG and most of its peers (i.e. other junior coal explorers) have not yet recovered.

2. Sagging demand for thermal coal.

3. Delays in NAG's various projects: delays in permitting in Kentucky and West Virginia. Delays with NAG's partners in Saskatchewan (SF and WCU). Delays ad nauseam.

4. Progress with the Fugro airborne surveys in Saskatchewan is a complete unknown.


I don't believe yesterday's selloff was related to anyhing in particular; it was just one of those days when a few impatient investors got fed up and sold.

Calling IR is pretty much a waste of time.  Like everywhere else they are in the business to promote and  paint a rosy picture and not really to inform. Don't expect them to leak inside information.  They are not on the top of their profession, but they are not crazy either.

I agree, management has been frustratingly silent lately to say the least..  But if there is nothing new, then there is nothing to report.

Am I pessimistic? In the very short term, yes.  But I am expecting management to impress the hell out of me once they receive permits.  My message to them is that the clock is ticking and I will not sit on the shares of a non performing company very much longer.

[Saturn4]

mdzgn2006 ... 2 cents??  That's 1/3 of NAG's s/p ... LOL ... Thanks for your comments ...good post.

[nighthawk61]

Good post. Sums it up for me as well. Bought in at .07 and .075 and won't wait much longer to see some progress. I won't sell tomorrow but some strength to stop the slide would be good.