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

TSXV:NAG - Post Discussion

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Post by HHAPPY on Jan 24, 2011 8:42pm

OUCH !!!

Taylor dumps North American Gem
Ticker Symbol: C:NAG

Taylor dumps North American Gem

North American Gem Inc(C:NAG)
Shares Issued 170,534,162
Last Close1/24/2011
.11
Monday January 24 2011 - In the News

JayTaylor in the Jan. 17, 2011, edition of Gold, Energy & Tech Stockstells readers to sell their North American Gem Inc., recently 12.5cents. Mr. Taylor said buy on Dec. 15, 2009, at 12 cents. Assuming aninvestment of $1,000 at 12 cents, selling at 12.5 cents would yield aprofit of $21. Mr. Taylor has nothing to say about the company in thenewsletter. He simply slips the sell into the back of the newsletterunder "closed positions."

Comment by shellfish1 on Jan 24, 2011 11:51pm
A new miner won’t make money by mining thermal coal in the short and middle terms, because of the low profit margin and the significant initial capital cost. NAG is not an exception.Before NAG can mine blue gem on a commercial scale, the mines, no matter how many NAG can run at a time, won’t even self-sustain, and yet will represent significant cash drains. On top of that, NAG also needs some $600 ...more  
Comment by mhillman on Jan 25, 2011 8:43am
I'm thinking, now everything is coming together there is no need to be paying him anymore for nothing.......
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