copied from the other board.....
Adamas is a Private company. Private comapies sometimes stay private for good reasons. The number one reason is confidentiality and no obligation to release anything.
Many companies store core from programs. they wait for certain metals or
commodities to rise before assaying or wait to see if a neighbour strikes etc. With a public company we would all know the core is there....in a private comapny, nobody knows nothing unless the private company wants it known. (with me so far?)
As I said last night...private exploration companies have no public stock to move up, no way for people to make
money. They have to wait till their bought out or strike a deal with a public company. (as they have done with NAG)
The blazing hint here is that they knew long before anyone they had coal and they did not just call up NAG and make a deal last night. These business dealings take months to finialize. SOOOOOO, this is why I keep posting about all this land being staked by all these juniors now means nothing. the others in the area will all drop. They got skunked or at least 90 % of their staking claims did, including GXS, IMO.
GXS did not even have the coal rights/permits to their own land as they were looking for Diamonds. Adamas has already done airborne geo physics etc. Do you think they just did that last week after GXS news? hey lets get a plane and fly around. Wow those results sure came back in record time....get the point?
Adamas knows and sees the entire coal bed in front of them on the information they have as they found the coal months ago and went quietly looking for more.
Charles has many friends. introductions were made, talks were started and NAG went about staking and applying for land based on what the INFO /Geo physics/ Fly bys etc. showed them.IMO.
They are not wildly staking wheat fields in Sask. They have made a business deal with a private comapny and are fullfilling their end of the deal.
The fact is that GXS only went staking after they pulled the core....guess what? Some of the townships right beside them had already been filed by NAG!
Of course ,company NR's will confirm this over the next short while or that is what i expect based on what i have been able to uncover within my own vast contacts in the junior resource sector.
Good evening, and please read above carefully and read it again.