Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (17585)	10/28/2004 10:12:49 AM
From: Condor	Read Replies (2) \| Respond to of 312611

Nag.v 1) This is a pure speculation and all thoughts are IMO only. DO NOT risk much on this if at all. 2) It has little downside from .06 IMO 3) 18,000,000 shares plus new $ raising gives another 2 mil. 4) Director Charles Desjardins is savvy. Involved in 17 other companies and isn't about to ignore this one as witnessed by: 5) North American Gem to raise $200,000 for Bonaparte +++++++++++++++++++++++++++++++++++++++ 2004-10-12 20:34 ET - News Release Mr. Charles Desjardins reports NORTH AMERICAN GEM ANNOUNCES PRIVATE PLACEMENT North American Gem Inc. intends to raise $200,000 by way of a non-brokered private placement at a price of five cents, subject to the approval of the TSX Venture Exchange. Up to two million units will be issued as flow-through units consisting of one flow-through common share and one-half of a non-transferable share purchase warrant. One whole warrant will entitle the holder to purchase one additional non-flow-through common share of the company at a price of 10 cents per share for the first year, and 12 cents until expiration the following year. The remaining two million units will be issued as non-flow-through units, each non-flow-through unit consisting of one common share and one non-transferable share purchase warrant. One warrant will entitle the holder to purchase one additional non-flow-through common share of the company at a price of 10 cents per share for the first year and 12 cents until expiration the following year. The proceeds of the private placement will be used for continuing exploration of the company's Bonaparte property, other exploration opportunities and general working capital. +++++++++++++++++++++++++++++++++++++++++++++++ 6) Bonaparte property is a legit target, but I have NO idea of its potential. 7) It strikes me that this stock could recycle through the winter and into PDAC on no news to ?? .15 since last winter it went to .24 8) God forbid it may actually hit something. 9) A new opportunity may present itself to the company. 10)It could be bought as a shell but I doubt this, I'd think Desjardin will use it himself. 11)E. Charters spoke of NAG positively last winter but I don't know of his interest now. 12)I think the PP shares at .05 when closed would allow upward price movement again. maybe???? Thats it thats all. Just a spec. play. Note: I am loaded up at about .045 avg. and will wait it out...might be one month or two years or never. Caveat emptor or..er...emptor caveat... C