North American Gem Inc V.NAG

Something Does Not Add Up ...

[Saturn4]

If NAG had the money for posting bonds and all that on April 21 when the NR was put out what happened to all the money they had that they need to do a PP?  Its only been about 3 months since April 21 .... Based upon what wallwill posts, the bond probably is less than 100K ( I do not know the numbers, just a guestimate) ... Wouldn't NAG have 100K left out of the 900K raised??  How about the revenue from mine #1?  Why would they continue to mine it if it was losing money?  I doubt they lost any money on mine #1 based upon the forumula they gave in their previous NRs and what IR has said (i.e., $40 a ton as costs, coal going for $58) --   (I did hear that NAG actually made money on mine #1 ... time will tell) ...  Maybe I'm missing something here ... I sure would like to know what it is ....

Another thing - who are the persons entering the PP?  I sure would like to know!!  In my experience the s/p usually hovers around the PP price until it is filled ... lots of sellers come out of the woodworks to buy into the PP with their profits ....

If I was in charge of NAG, I'd post the bond, let the s/p run up and then do a PP much higher if one was really needed ... less dilution and s/h are happy ....

[miner8740]

sp will add up to 8 cents by end of next week

[mactiger]

Plain and simple -- some insiders or good buddies of the insiders just want in before the bond is posted and the mining permit approved. And they will make as much money on warrants too!

[wallywill]

Nag was dependant upon mine#1 to be profitable to fund any further projects. This did not happen. Perhaps it was just inexperience as they ventured into what seemed like a good and easy way to gain some revenue. Here is out things played out according to the May MDA covering events in the 1st 3 months of this year. The portions I've copied explains how much revenue was generated in the

[donat50]

Boy you have way to much time on your hands .With all this company has to offer someday the SP has got to grow .Weather it is the end of this Q or the 1st or 2nd Q of next year this will progess and so will the SP .Long and taking advantage of the ups and downs from now on .GLTA

[mcugly]

This company has great potential. Jay Taylor has obviously done his research. If Charles & company were only interested in their own personal gains then it would have surfaced by now especialy to those who analyze companies like this on a daily basis. The s/p wil eventually reflect the true value of this company. In the short term the day traders will make their pennies and continue to bash to