GREY:NWMMF - Post by User
Comment by
jerseyman2on Sep 22, 2012 8:48am
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Post# 20399316
RE: RE: RE: RE: RE: RE: NR - Extension of Debt Fac
RE: RE: RE: RE: RE: RE: NR - Extension of Debt Fac Again, your points are not to be denied, and I agree with your sentiment. The good thing is that NWM basically bought some time to get away from that wall and see if they can get production up and costs down over the next couple of quarters. In order to have some sort of " DEAL " consumated, there has to be an improvement in economics and sure it cost us $$$$$ to get this extension, however it had to be done and now we hope the POG keeps moving toward $1800 and then our bottom line should be better looking for any dealmakers. The Shareholders holding stock above a dime will have a difficult time seeing their investment$$ returned, and even I worry @ .06 average that the eventual payoff may not be that great. ......... A lot of people are just hoping to get their money back - anyone first buying at this price will probably do OK but the big question is when and who and how ?? DEAL or NO DEAL .............. We'll soon see, I hope !!! ................ I got people into this stock above a dime a while back, and luckily they understand it's not only NWM that is having difficulties. Management is doing what they can to get Shareholder value ........... too bad about the debt !!! J.T.