North American Gem Inc V.NAG

PP sounds good to me

[trader520]

If they were in any sort of trouble I think they would try to sell far more than 12.5 million shares.

I think all they need is a little bit of cash (yeah, a million isn't a little to me, but it is to a mining company) to get a few more months before the revenue starts to come in from production in such a manner that it covers operational and expansion costs.

Had they put 30 or 40 million shares PP, then I would be out of here, cause that would have told me that they are still a long way from being profitable.

Cheers and GLTA

[Lorel]

Nicely said.Same thing IR person told me.All they needed some cash for mine # 3 to open and from there we will see flow of good news.I got 70K @ 9 cents.I gonna hold it for a decent ride.

[actionplanner]

Good point. I think in all the panic of low pp , we will rebound in a week or two.

[Lorel]

Sellers are missing the logic behind the PP here.They will be really upset when stock will ride to 20 cents soon.

[seanj1]

SP is holding above 0.09,,,, that's good to see and certainly encouraging. Dilution caused by PP is not that big a deal as long as we are on track with Mine #3 and beyond. I think management is scooping all the PP shares and Warrants that come with it. Hopefully by next week we get the news of PP closing and completion.

[madmoney3]

I bought another 100,000 today at .095....I need to believe when PP is filled this thing will start trading back at .11-.12 range as no one is really selling.  With the right news hopefully .20 is around the corner maybe even .30...Mad money

[Zorro99]

Only 16/100th of 1% so far at this time in writing.Looking good Folks !Z