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NWM Mining Corporation NWMMF



GREY:NWMMF - Post by User

Comment by twpton May 31, 2013 4:19pm
177 Views
Post# 21468619

RE: Results Announcement

RE: Results Announcement

Lets see, losing money at over 1600 gold, 18 million in debt and no cash in the bank. Gold is now under 1400 which would add another 1 million to the loss if it were todays prices. As of May 30th no extension of loan yet, why would they, NWM needs more cash to keep this sinking ship afloat. I would suspect that NWM is done. But who knows so I will keep 100,000 shares just in case. Probably end up worthless but you never know someone may want to purchase this (or repossess) and operate at a break even until gold moves up. If the banksters call their loan in then they get the mine as I understand it and we get the shaft. Just like going to the casino. 

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