NWM Mining Corporation NWMMF

RE: RE: The good news?

[zzthnx]

IMO, it's very good news, despite the fact that Global gets 15% of the company in exchange for the financing. With a current market cap of under 8 mil., that's only a little more than 1 million to extend the 18 million dollar debt for 15 months or approximately 6% interest on the debt in addition to the terms of 12.5% per annum. When you consider that the previous rate was 15% per annum, you're looking at an additional 3.5% percent interest payment. Anyway, other than complete bankruptcy, it couldn't have gotten any worse. Maybe now, with Global a "controlling interest" we'll have a party that's actually concerned with accreting value back to the shareholders. IMO, we're headed up from here, maybe quicker than we think.