GREY:NWMMF - Post by User
Comment by
stu.2on Feb 23, 2014 7:36pm
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Post# 22240707
RE:Q&A
RE:Q&AI think we are in the end game for NWM.... 1. someone like TMM or AR come in and get us for a penny a share because they have to take on our debt. 2. We go bankrupt because we can't make money at this gold price and we can't increase production due to lack of capital . 3. consolidation 30:1, private placements, dilution to pay off the debt. (if this were the option it probably would of already occurred.) I think the new management changed our focus to exploration and the increase of our 43-101 with emphasis on gold ridge deposit to make us more attractive to potential suitors...Ultimately we all lose as someone said earlier and collect our tax loss. I can't see any other way.