Post by
goldsfool on Dec 08, 2012 6:04pm
jt
I have also elected to stay the course with NWM mainly because I'm so severly underwater and feel this is the only way I can possibly recoup some of my losses. Not sure whether it's the right or wrong decision at this point but my biggest worry after consolidation is the stock price heading further south which typically happens. As for McCoach if you subscribe to his newsletter or have you'll find that 90% of the companies he's recommended in the last few years have all lost a tremendous amount of money (market hasn't helped). Remember he was raving about EXS all the way to $1.65 and now at $0.10, ECC not that long ago to $1.40 and now at $0.19 and all the Yukon stocks...on & on & on. So I agree....trade opposite to what he recommends. If NWM were strictly an exploration mining company at this point we'd be doomed but we're producing, making money and now need to start an aggressive drilling campaign (if possible). I'm happy we hired a new experienced management team and with the price of gold possibly increasing over time or just staying where it is we could eventually turn this ship around and hopefully let me break even. Now, if we could get our debt paid down and get a new CEO with some credibility I don't think it would hurt us one bit. Just my thoughts.