GREY:NWMMF - Post by User
Comment by
slick05on Jun 03, 2013 2:15pm
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Post# 21476638
RE: RE: RE: RE: NWM - JOKE OF THE YEAR
RE: RE: RE: RE: NWM - JOKE OF THE YEAR Definately a Joke.
Seems like high cost is associated with finishing up construction of 2 lanes of leach pad and switch up with new mining contractor. will probably go back to ~900 as like last November.
As far as the debt. I'm sure they are negotiating and will agree last minute like couple years back. What I do know is that they pretty much arranged financing when auriga came into the play in March (auriga development and servicing current debt). However, when they left the picture obviously finadamentals changed.
Put it this way, low sp can be a target for hostile takeover at the cheap. And if the company is done, then government will force a sell. Everyone's in the hole, especially CB, so just sit back and watch.