North American Gem Inc V.NAG

Financials are out

[goldengirl20]

https://www.sedar.com/CheckCode.do;jsessionid=0000HwvFU9nHVcbK-4IvW81mvhS:-1

[HHAPPY]

Now that the financial report shows investors that NAG management has completely reprioritized the company's focus to become a COAL Production company, we will see a major flow of investment money into NAG.The "Blue Gem" component gives us a great head start on becoming a significant revenue producer to fund development of NAG's many coal projects WITHOUT the need for major

[donat50]

I can only find the year ending Dec of 2009 not the end of the first quarter .Are they out or are you  talking about year end report ? The first Quarter should show the cash commimg in from Mine #1 .We are still waiting for a big news release on transfer and stepped up production on Mine1.That is when the media attention will begin .GLTA

[TXRogers]

Now that the financial report shows investors that NAG management hascompletely reprioritized the company's focus to become a COAL Productioncompany. Yes, NAG is focusing on coal mining which reassures me as an investor that management is on the right tract. More importantly, NAG is forcusing on High Wall and Surface seam mining which avoids the dangers of underground accidents like the ones

[99921]

Hi TXR:You mention the possibility that NAG would buy a mining machine. My understanding is that NAG contracts out all of the actual mining operations to a third party. I get the impression that their operating costs are fixed at that end and that their selling prices are also governed by fairly long term agreements. That way their net income from the whole process is quite easy to determine. I

[HHAPPY]

I may be wrong  [hard to believe,I know} But my understanding is that only Mine #1 was being mined by another company for NAG and a fixed profit had been agreed to by the end user. It is also possible that the mine that originally called mine #2 [ but is no longer to be called that] once permitted may be covered by the original  agreement as mine #1.- hope that isn't too complicated

[TXRogers]

You mention the possibility that NAG would buy a mining machine.I do not know for sure.  My main point being that NAG management has re-tooled the company from a general resource company involving various properties and commodities to primarily a coal producing company.  And that's very good news.  I jumped into this stock because I believed this to be their best business case.I