North American Gem Inc V.NAG

permits

[ivanhoe2]

I been waiting and waiting for some work to be done.
I was under the impression we would be drilling by now. I phone IR and was told they are still waiting for the permit to start mining in West Ver.  When they do start( good grief soon would be good) they do except the share price to improve. Once they get going things will look far better than it has for a long long time. Hope it's soon!!!

[Saturn4]

ivanhoe2 ... its always "soon" , LOL ... can't believe it till you see it!!

[lucci2005]

I agree, we've all been told "soon".  For many months now.  What ever happened to production in the first quarter of 09?  Or end of first quarter?  Or summer (July).  Or end of summer etc etc.  And it doesn't take a genius to figure out that once they start production in WV and Kentucky, the share price will increase.  This will also be a good

[ivanhoe2]

True so true! We are waiting and have been for a really long long time!  I get the feeling the company is as frustrated as we are. When I talked to IR they were so tired of waiting too,but not much they can do. So we wait. I'm glad I've got some Apella Resources Shares to watch right now at least they are moving!!! It's good to see something good happening while we wait for Nag to

[markvrd]

Followed this story last year.   Are the same permits from last summer the ones that are being discussed now?

[lucci2005]

No, we are now discussing permits for their other properties (West Virginia and Kentucky properties).  The permits for last year were for Saskatchewan, which according to NAG they will drill this fall/winter.  Last year they were not waiting for drilling permits, just land permits.  I think they are still yet to apply for drilling permits in Saskatchewan.  So the fall

[Saturn4]

NAG has applied for drill permits in Sask. as well ... talk to IR ... we will be getting them "soon" ... LOL (no kidding)P.S. - NAG had about 1.5 million acres of permits applied for in the summer and got most of them, if not all, already ... anyone know whether the permit office waived the yearly fees?  I heard something that they were asking for submissions on the issue ... that

[Saturn4]

Take a look at the main area play GXS ... its moving nicely ... can't be said the same for NAG, HOWEVER, if GXS moves and does well the other coal plays will be sure to follow ... especially when they are cheap as they are now ... just like last year, let's hope GXS pulls the coal plays out of the duldrums!!  Of course, this is all just my humble opinion ... I've been wrong before