North American Gem Inc V.NAG

Nag shares are obviously in accumulation.

[HHAPPY]

Notice the shares are almost always traded DOWN on last trade of the day as if to show no interest in the shares.
typical ploy of majors  buyers who want to ,of course, buy at cheapest price possible.
Events will be only way the share price will overcome this tactic.
I firmly believe these positive PRs will appear shortly and we will move into higher levels.
My glass is more than half full.
Do your own DD. Ignore all postings here [including my own].
The fundamentals eventually will win out and shareholders will be the winners.

[DynamoHum]

When NAG puts out a NR like the one, NDX just released, NAG will fly; NDX will fly tomorrow. NDX announces, 'met coal ' production. https://www.infostockbiz.com/send538.php

[TXRogers]

Just to put NovaDx Ventures (NDX) into perspective:   Their news today (which finally came out) states that MCoal Corporation - a wholly-owned subsidiary of Novadx - has commenced mining utilizing a contract triple head augermachine and expects a single augermachine to produce approximately 135,000 cleaned saleabletons (after washing) per year.Well that's 11,250 tons per month.  So

[sandymackay]

The NDX news is good, but wont compare when NAG is mining 25K tons per month per mine of blue gem coal.  I was told that BG coal is going for around $140/ton. If NAG has 2 BG mines operating, that would be 50K tons/month X $140 = $ 7million/ month X 12 months= $84 milion. If NAG earns 30% of that, as they do with the thermal coal contracts, that is still around $25 million/ yr, and that is

[actionplanner]

Does anyone know if institutions buy a stock under a dollar? On another bb the posters say that institutions such as fidelity etc (assuming they meant mutual fund  companies)don't buy stocks under a dollar... I have trouble reasoning with that perception though.  If that is true , then all we have for investors is the peons that have a few grand to play with, so it will take forever

[TXRogers]

Does anyone know if institutions buy a stock under a dollar? You bet ! There are lots of Canadian mutual funds that offer "small cap" categories. And many of these contain stocks that are currently trading under a dollar. As an example, the top holding of the Sprott Asset Management Small Cap fund is Avion Gold which is a Venture exchange penny stock https://www

[DynamoHum]

"""Well that's 11,250 tons per month.  So NAG shares will not take off with similar news because that's approximately what NAG is likely producing today.  Or very close to it. """TXRogers, NDX is producing, "MET" coal @ $150.00 per ton; we may be producing the same quantity, but not the same quality (yet).

[TXRogers]

I am not sure I agree with you Dynamo.  Blue Gem coal is excellent quality and is a key process ingredient in the production of silicate metals.  And in the case of NAG,  no one seems sure of the details on the actual price of which they are selling their Blue Gem . But Blue Gem is a premium goal product and is surely selling at premium prices.   So my point is more about

[wallywill]

Thnx TX for the heads up. Nag will be mining Blue gem soon and we should see some nice gains as production increases but it's biggest drawback is the number of shares outstanding. Most are here longer term and will see how Sask pans out. NDX has a lower number of shares traded.GLTAWallywill

[actionplanner]

Thanks TX,  I always wondered why a fund wouldn't buy a stock under a buck, it didn't make sense to me.. And I also agree that this is the time to get in, shares are cheap, and have lots of potential this year. This summer should be exciting. IMHO...