North American Gem Inc V.NAG

sorry, curtain is down, show is over

[likeslt]

Doesn't matter NAG was a great company or a  bad firm, or, doesn't matter Hhappy was a greatest actor or Likeslt was a worst "basher", it is all over now in terms of stock trading on NAG.

I do not mean that NAG will be delisted, in fact, it might survive very long time, but this stock just has no value for trading at this moment.

Even if you bought all the shares today, and tomorrow it pops 40%, you only make $3K.

Pro has gone, curtain is down, show is over.

Long live NAG, Long live Charles.

[Saturn4]

I sold 50K shares today of NAG --- not much (relative to how much I have) but needed it to top up my other purchases.  Tech stocks are hot right now.  MIT and ISD is my latest purchase.  I think MIT might rock tomorrow.  Keeping my fingers crossed that SCG, MIT, and ISD do well :)

[Saturn4]

It does not look like its NAG's time right now ... give it a while ... everything is cyclical ... When coal / oil take the limelight again I think and hope that NAG will have fixed its problems and will be moving nicely...  We all know that when NAG moves, it moves pretty fast -- regardless of the float.

[giordihead]

When Coal takes the limelight? It's been in the limelight for 2 quarters now...just NAG is run by a bunch of fools who couldn't capitilize on the hot coal commodity play

[SUCYN]

Well said glordihead....you are spot on...SUCYN

[Saturn4]

Actually, look at all the other coal plays --- the big ones and small ones --- GCE (down to $7.98 from high of $11.93), CMK (down to $2.75 from high of $5.04), GXS (down .59 from $1.29) , RDA (down to .23 from high of .36) --- They are all DOWN significantly ... Coal may be hot, but the companies aren't doing too well... NAG is down more than others, I agree, BUT NAG has had some major

[Saturn4]

AS well, although there is hype about coal, reality is that the price of coal has not caught up with the hype. Remember when the spot prices were significantly OVER $100 per ton (in 2008) -- we are no where close yet - BUT climbing I think .... but lately the prices has stabilized ... Average weekly coal commodity spot prices (dollars per short ton)

[shellfish1]

Unfortunately, the difference is that we did not take the ride up last year.Mine#1 closed, Mine#2 no production update (doesn't the NR says that we were start mining half a year ago); Mine#2: $3 "royalty" per ton coal mined; no wording at the law case. With what can we move up this giant with 200 million shares? Remember last year, we were flooded by numerous NR, though

[Saturn4]

Nothing significant?  They're trying to start up multiple mines, dude!  It's gonna cost money.  I hear ya on the past practice.  We didn't take the ride up last year like we should have ... too many problems and NAG has credibility issues - Agreed.  Now, let's hope those problems are fixed so that we can catch the next wave up (and GTFO for many here

[anothermikeintown]

Why? Because this company was never meant to be mining. It's a sham. 

[Saturn4]

I just can't understand you bashers ... haven't you had your fill?  The s/p is at an all time low from the past few years and you continue to bash?  Why??  Can't be shorting the stock, it's cheap enough -- Are you waiting for the next PP?  Please explain ---- and don't tell us you are our saviour because that would be complete B.S.P.S. - and you always have

[shellfish1]

Saturn: Thank you for your VERY TRUE WORDS. I keep thinking positive and that's why I am still here. Most stocks have now recovered to the pre-crisis levels if they have real things on the ground.So th question here: if things all turn 100% positive and all the mines are in operations now, how much are we going to expect to make?Shellfish