North American Gem Inc V.NAG

website

[lucci2005]

Ah, so the shareholders want proof that NAG is indeed producing at mine #2 and that the coal is being transported to their processing facility???  Well, Charles and co. decided it's easier to show us in pictures rather than putting out an NR.  Oh wait, I guess they did put out an NR.  So what are the pictures supposed to show us Charles?  How many tons is NAG producing?  What's the price NAG is selling the coal for?  What about costs?  Hmm, I guess we don't deserve such info.  But we do get beautiful pictures that speak a thousand words.

I guess the attempt to raise the stock price back to the 0.12 range did not work.  First the NR regarding "shipping coal and selling it from mine #2", then teh NR regarding teh "offers considered to sell or joint venture LL", then the "pictures" that yes, we are producing.  Hmm, I wonder what will be tried next?

I have a better idea.  How about you announce that production has begun at mine #3, then you won't have to worry and the share price will lift over 0.12 quite easily.  Let's give that a try.  Especially since the bond has already been posted for mine #3, all that is left is naming the operator (which takes 7-10 days), so literally, mine #3 can start "any day now".  Hmm, where have I heard that phrase before...

[Perform4u]

So true lucci, great pictures....it would be great if Charles can provide details.  It would be nice to know how many tons NAG is producing but I do not think it would be a good idea to identify the price NAG is selling the coal for (not a good business approach)

[degreefaster]

These answers should be out in the next set of financial statements.

[donat50]

Permitting 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 completed.Each permit involves the following stages: property evaluation

[actionplanner]

donal That seems feasible,I was hoping it would soar by year end. But I'm willing to hold for another few months and see what happens when they get into full production. I hope it pays off for us all.

[donat50]

In checking the Web Site I also see that the NR's on most of the Blue Gem mines after #2-#3 were acquired in Feb.so the soonest according to the web site would be Feb. before any more mines will be permitted .Could be wrong but thats hoe I read it .GLTA

[donat50]

Kentucky Mine Partners LLC (KMP) has all of the equipment to perform the mining operations prepared and staged at the North American Gem #2 Mine. Initial production of the Blue Gem and Jellico coal is planned for a combined production rate of approximately 8,000 - 10,000 tons per month. The North American Gem #2 Mine will be a surface mining and augering operation. NAG has a buyer in place to