North American Gem Inc V.NAG

SLT announcement

[lucci2005]

If you look at SLT's news release today, it states that 

"Solitaire continues to negotiate for coal leases with near and long term production potential. Currently the most significant negotiation involves the potential purchase of an operating mining permit currently producing metallurgical grade coal in Kentucky. This project was also selected for the development potential on the adjacent coal leases. If successful, Solitaire would become the operator of the metallurgical coal mine once the permit transfer process is complete, which on average takes approximately one month for completion."

I like the last sentence (transfer of permit take approximately one month for completion).  Wouldn't it be hilarious if SLT actually got their permit faster than NAG? 

I brought this up with the board before.  As an investor with NAG (and not SLT), I'm a bit concerned that Charles did not acquire metallurgical coal for NAG instead.  I realize we are producing a different kind of coal, but still.  Instead of adding future value to NAG, he is adding it to SLT.  Almost spreading his risk and return to two companies instead of one.  Good for him, not so good for just NAG shareholders.  With his contacts, I think he could have easily chosen to bring metallurgical coal on board for NAG instead of SLT.  Especially since its in Kentucky.  These are just my thoughts, take them for whatever they are

[TFSFirefighter]

an eventual merger?just a thoughttfs

[oceaneleven]

THINKING ALSO....................MAYBE THATS THE SURPRISE............

[in2itiv]

NEED AN NR ON PERMIT STATUS....JUST A THOUGHT