GREY:NWMMF - Post by User
Post by
stu.2on Dec 03, 2013 8:50pm
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Post# 21966484
Takeover is only way out..and our financiers are on board
Takeover is only way out..and our financiers are on boardWe can't make money at present gold prices with present production. Money needs to be invested to improve economies of scale. We are bankrupt as soon as Renvest decides to stop the interest extensions. Only way out is if Argonaut or TMM come in and get us for nothing while striking a deal with the financiers so they won't lose all of their 18.5 million. Argonaut makes sense. The Castle gold (now Argonaut) management team is in place probably evaluating the properties and projects viability. Gold Ridge may provide the potential to save us...If it does happen we will still not reap the ultimate benefits that should have been NWM but I believe it would be the best case scenario. Only my humble opinion GLTA