Post by
nemo3 on Sep 08, 2011 11:45am
if NAG hits coal
If NAG hits some coal in their current drilling, I can see this stock going up a couple or a few cents. But unfortunately, one will not see anything like Goldsource's pop up to the over $20 level like it did. Unless the coal discovered by NAG (if any is) was perhaps 10 times larger than what Goldsource discovered. I say 10 times larger due to the number of shares that NAG has out. But I think if drilling results do show some good coal numbers, a few cents could be reality for this stock
Comment by
kelso01 on Sep 08, 2011 11:58am
This will go up more than a few cents. NAG holds many permits around goldsource. If you read the previous news this could be big!
https://www.northamericangem.com/news/2008/saskatchewan_adamas_results.asp
Comment by
nemo3 on Sep 08, 2011 12:16pm
Wonder why NAG did not continue to focus on this property instead of the small properties they have in the US. The news release on Sask dates from 2008 so I guess they did nothing on the properties in Canada since then. Anyone know whatever happened to Adamas - did they cease trading or were they taken over by someone...or change their name?
Comment by
kelso01 on Sep 08, 2011 12:24pm
I read that at the time they wanted to develop the kentucky property to generate cash for drilling in saskatchewan. They wanted to make sure they had enough funding to drill in saskatchewan. The permit process took a while as well. I'm looking soon to buy more. This is a good opportunity to load up. They know there is coal there already from previous drilling.