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

TSXV:NAG - Post Discussion

North American Gem Inc > Production/Customers
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Post by 99921 on Jan 30, 2010 4:08pm

Production/Customers

It seems to me that there is no need for NAG to issue a press release about their current production in order to satisfy or reassure a potential customer. What is talked about and divulged in the process of negotiation between NAG and a customer could be far more detailed and technically revealing than what is published for the information and enlightenment of shareholders and the investing public. Any customer doing due diligence would ask for concrete proof of NAG's ability to produce to a contract and it would be up to NAG to provide all the necessary information to secure a firm contract. That customer would be far more knowledgeable about NAG's properties than only a few experts in the world outside of the negotiating room. All that is needed for the process to move forward is the signing of a confidentiality agreement to prevent communication of specific information to anyone other than the two parties in the negotiation.
Comment by shrubcrawler on Feb 01, 2010 8:39am
Production numbers and selling price and profit margins are three different animals, and I wouldn't expect to see anything about the latter two until Q1 results are released. However, if production numbers are released in a NR they become a matter of public record and go a long way to give credibility to NAG's production capabilities.If NAG does not release production capabilities in a NR, ...more  
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