GREY:NWMMF - Post by User
Comment by
stu.2on Aug 06, 2012 8:37pm
310 Views
Post# 20188548
RE: Patience
RE: Patience I hear you....forget about a takeout until we realize some of our true value. As you said increasing resource is one of the keys. My fear is this so called "parking ticket" SART mess paralyzes us in this respect. The money that has to go to the settlement, $850,000 so far, probably will not allow us to complete this program. We have 18.5 mil in debt upcomming plus the 1.3 mill owing to BioteQ.
Yes it is nice that we made 2.1 million in Q1 but we need to earn considerably more to meet our debt obligations. What does the future hold??? more dilution (private placement) not great for a small company approaching 500,000,000 outstanding shares.
Don't expect any news until Q2 financials on Aug. 29th.
Hopefully I am wrong....just a little frustrated with the lack of news... and also the lack of explanation concerning the SART plant debacle.. Some of you say that it was a parking ticket...but not for a company the size of NWM.