GREY:NWMMF - Post by User
Comment by
stocksnbondson Jun 18, 2013 10:39am
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Post# 21537126
RE: RE: question
RE: RE: question It's not good news. It's not bad news (bankruptcy).
We still have a sliver of our original investments. Many here tapped out and/or unwilling to buy more. Very high risk, high reward is the way I see it. I purchased more awhile bacl to bring my cost average to almost .06
The downside is indeed zero. I do see it hitting my average cost with some good news although a new additional investor base required. I can't complain about the terms. What would you ask for if you were a lender? Ultimately, the producing mine is the collateral. I'd have done the same. At least we have a better management team in place. We'll see what happens now if they can cut costs to a point where this can be above water until gold prices rise (hopefully).
Good luck all,
sb