North American Gem Inc V.NAG

Nag facing mining challenges in Kentucky

[angelnicky]

Nag facing difficulties
Production practically nil due to poor environmental conditions (hopefully it is only mother nature and noting to due with geology or coal seam wash out )
Augers not turning and cash is diminishing
Need to get to bigger /thicker seams where the payback /NPV be much higher
No growth with thin seam mining
SP value explains what is taking place for the future of NAG

[Saturn4]

Hey angelnicky --- Where do you get this information?  Is it just a product of your bashing mind?  Please identify source.

[Porsche928S4]

Where is you're supporting information on you're statements?   Right now you are simply seen as someone who wants a lower share price,.... are you simply hoping that people respond to you're posts for financial gain?

[Saturn4]

The overall markets had almost a 10% correction in which NAG dropped a few pennies.  Unfortunately, it has not recovered from that hit, IMO.  To say that NAG is dropping b/c of production problems is ridiculous - since no one here knows what's going on, unless you are an insider.  How much has NAG dropped?  We were hovering around .15 give or take a cent.  We are

[angelnicky]

SaturnIt is not bashing, I have seen the thin seams in Kentucky they are very challenging.You must get out of the office and actual tour these areas to get first hand observation and witness the challenges.You must get practical experience

[Batya99]

I talked to an operator of a mine nearby, and he told me that they are at least 2-3 weeks behind schedule due to the unexpected snow and its duration!!!! I would assume that the same would imply for NAG?  So, they might be a couple of weeks behind now as well.  Anybody get any info out of management? or their comments? Batya

[littleguy21]

It is not bashing, I have seen the thin seams in Kentucky they are very challenging.You must get out of the office and actual tour these areas to get first hand observation and witness the challenges.You must get practical experience. maybe thats why their having trouble getting stuck in the tunnel like you said before miss know nothing.Thin seams. ha ha.  You have seen $hit other then the

[estatic]

If management had any "good" news, they'd be screaming it from the roof tops.As I recall, NAG expected to be mining, #2 in January, and still do not have the permit which they announced in September, "would take 60 -90 days". (2 months behind and counting)Weather conditions don't slow down the paper work.If NAG could mine coal, as quickly as I'm losing my patience