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

TSXV:NAG - Post Discussion

North American Gem Inc > And the bids are gone back to .12
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Post by goldengirl20 on Jul 22, 2010 3:40pm

And the bids are gone back to .12

Need news
Comment by actionplanner on Jul 23, 2010 1:50am
We know there is news comming eventually, now may be the time to stock up more ,,,I am more patient than some investors, however my timeline still remains Dec. GLTA
Comment by stocknup on Jul 23, 2010 10:37am
Nobody is buying because all you get from NAG is undelivered promises.No one is selling because everyone selling at these prices will be losing money.Wonder what office Mr. D is hanging his hat in today.Pick one of 5 or 6 All in the same office. All 5 or 6 companies paying office expenses and rent for the same floor space. How does that work???GLTA
Comment by ivanhoe2 on Jul 23, 2010 10:50am
They might as well wait til Monday to send out an NR about any mine permit. Too late to start anything big this week.Those people that were hired on to make the the process faster, are they on holidays? Man this takes forever. IR would be better to say we will be getting the permit in 6 months then when it is in 5 months we'll feel better.
Comment by goldengirl20 on Jul 23, 2010 11:01am
They never said it would be easy and fastAbout the Permitting ProcessPermitting for coal mining in Kentucky is an extensive process designed to ensure that all established standards of operation are met and that the public and environment are protected.The process has several stages that can take anywhere from 7-14 months to complete. On average, it takes about 12 months for a permit to be ...more  
Comment by stocknup on Jul 23, 2010 11:10am
Actually they did say it would be easy and fast in their news release of 31 MARCH 2010.North American Gem Inc. Finalizes Acquisition of Fully Operational Blue Gem Coal Mine in KentuckyMarch 31, 2010: North American Gem Inc. (NAG) (TSX-V symbol: NAG) is pleased to announce the signing of a definitive agreement to acquire a fully operational surface coal mine with both minable Blue Gem and ...more  
Comment by goldengirl20 on Jul 23, 2010 11:15am
Right you are. We do know it should be any day now per the e mail from KNTY office to oncourse
Comment by stocknup on Jul 23, 2010 11:35am
goldengirl....this is just another example of the kind of management performance you can get from a group of individuals involved in 5 or 6 ventures simultaneously.This is just play toy for these guys. They hardly have shareholders interests as one of their concerns. During all these "silent" periods, do you ever notice the only ones taking home a steady paycheque is management?This ...more  
Comment by goldengirl20 on Jul 23, 2010 11:38am
Higher the risks higher the rewards, we all have a choice in how to play our money
Comment by giordihead on Jul 23, 2010 12:18pm
exactly GG...so others instead of beating on Charles and Nag move on to some other 'sound' venture play...like that's going to be easy to find...there is a reason these are speculative stocks, if you can't bear the wait, and roller coaster ride then please leave and find a 'blue chip' and make your 8% over the next 3 years...I'm willing to wait it out, if you're not ...more  
Comment by Durkastan on Jul 23, 2010 1:22pm
"exactly GG...so others instead of beating on Charles and Nag move on to some other 'sound' venture play...like that's going to be easy to find...there is a reason these are speculative stocks, if you can't bear the wait, and roller coaster ride then please leave and find a 'blue chip' and make your 8% over the next 3 years...I'm willing to wait it out, if you' ...more  
Comment by giordihead on Jul 23, 2010 1:47pm
I hear ya...sometimes I want to say "Anyone, Anyone...Bueller, Bueller? For those who remember that movie
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