When Goldsource had that fluke coal hit, I purchased the Nag solely as a momentum / area play. The wild staking and market enthusiasm whipped the area into a frenzy and the Nag ran to $0.65. Looked like it might even approach a buck, due to permit speculation and continuing hype. Well guess what, insulated Canadian government union workers bumble, stumble and fumble (at compensation substantially above joe six pack) into the equation. The union boys convene a meeting, to talk about the meeting, to schedule next weeks set of meetings, to deal with permit issues. All area plays come to a screaching halt, rendering the awarding of permits anticlimatic, the play kaput, momentum toast...
However, imo, those insider options may provide one last opportunity to dump. Permits should arrive this fall.. Charles et al, for certain, will concoct a fancy shmancy, embellished NR with a list of bogus objectives. True to form, insiders will sell, which should give me an opportunity to exit, never to be heard from or seen again.
GLTA, pure conjecture..
