NWM Mining Corporation NWMMF

SEDI

[production05]

Perhaps there is a chance that the debt extension is getting close to finally being signed off. SEDI shows that a balance of 60,033,008 NWM Mining common shares have been filed under Global Resource Fund (Reinvest). The file date was December 24/13 while the original transaction date was June 26/13. We will have to wait for a company NR to know either way. Per the June 28/13 NR, the total of 60,033,008 Global Resource Fund shares is suppose to include 28,533,000 free/bonus shares granted for extending the debt to September 30/14. It is not clear if additional bonus shares will be granted to Global Resource Fund as a result of the most recent negotiations. We will have to wait to see. Although nothing is ever certain in this type of difficult situation, I would like to think that it would be in the best interest of Reinvest to keep the NWM Mining common shares alive given that they are (apparently) now a relatively large shareholder, with 60,033,008 NWM common shares - as oppose to sending everything into bankruptcy. If we lose our shares through the bankruptcy process then they will lose their 60,033,008 shares also. Hopefully that will be sufficient motivation to continue to work with NWM`s management to turn this company around, for the betterment of all stakeholders. A big challenge will be the low gold price - hopefully it will begin to travel back up soon.

[jediknight]

Confirmed on Canadian Insider. Just over 60 million shares issued to Global  Resourses Fund as of Dec 24th. Maybe sp might hit 2 cents in 2014 :)

[babedinkleman]

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[jediknight]

NWM will be/is a capital loss for 2014 for all shareholders. Plan on it.