North American Gem Inc V.NAG

number 2 mine and new operator

[nemo3]

can they make profit there? who knows. if u look at last financials, coal rev was $86000 cost of coal sold was $94,000. gross loss from mining this coal was 417,000. But these mines are too small to do much with. they seem to be leftovers from someone else. Wages salaries and benefits was 476,000. great compensation for a company that makes no profit. I wonder if results were good in SK, if this would do anything for NAG? maybe if they hit 100m of coal in each of the 5 holes. if anything good is coming out of the holes, there is no indication of any leaks of good info.

[shellfish1]

very likely not.CCF.v, RDA.v, and NDX.v are some examples - larger operation scale with own production team.    Shellfish

[SUCYN]

RDA now has a SP of 0.07 ( it was trading @ 0.06 a few days ago ) down from 0.36...are they making any money ???

[shellfish1]

None of these new producers are makeing money. NAG will be doing the same. But it does not matter at all because the CEO is getting paid decently anyway. His business model is clear: register a puplic company and let it exists so that he can get paid all the way, plus such bonus as stock based compensation and cheaper options. You and me are taking risk to

[cantour]

Well said<<<

[shellfish1]

Was hoping to take a ride in a bullish market, though knowing that it was not a gem.  In such a bearish market, where to go from here?  Shellfish   

[actionplanner]

Shellfish, I agree totaly, and there are also 99% of the ceos' on the venture exchange that do the same. It seems they are not accountable to anyone for their self appointed salaries. There is the inner circle of friends at the top, and a ceo of one company is likely on 10 different company boards of directors... It is all top end robbery. How many times have we seen a jr. hype up their

[Z06]

I can't beleave any of you are still here. This company is a sham. Rumour? There's no rumour.