Is Thunderbird the next deal to blow up on NW? Let's see; Royal Coal, Novadex, Terrex and now Tbird looks like it is on life support. How many hundred's of millions in shareholder capital has NW blown to date?
The share consolidation is simply an artifact of destroying our capital. It should not impact the share price one way or the other. The quality of deals will do that.
I was villified by some here for stating cash flow for this year was only going to be a few million. And maybe only $10-12M in 2014. 2013 looks like a total disaster and 2014 looks like only $5M give or take a million or so. This is clearly not sufficient to reinvest in new streams and is clear evidence of spectacular record of failure.
N W will dilute us some more with another equity offering at obscenely low prices or borrow some more from big sister for the next deal as we have no appreciable cash flow and the treasury has been blown.
So far our world class management team has blown every deal they've made. Not a single deal has come to fruition as planned. None. Nada. Zip. Zilch.
Yes I am a disgruntled bag holder holding and hoping NW finally gets this turned around but I am not optimistic. He has shown no indication whatsoever he knows how to do commodity streams.
No I don't drink the cool aid either. But there is no point in selling at this point. I should have done that long, long ago before I allowed him to destroy my capital.