North American Tungsten Corporation Ltd NATUF

RE:Lost a lot on this deal Steve.

[GaiusOctavius]

up2005 wrote:
Time to turn off the lights, lock the door and the entrance gate and "maybe" look at this next year. Really disappointed in myself and the operation of this company. Burning through the cash, can't see 6 more months of this until creditors say enough is enough.

I couldn't agree with you more! The only way NTC had a chance at surviving was by starving North America of a CHEAP tungsten supply. Management should have kept the doors closed until their U.S. and Canadian customers were willing to pay a FAIR price for this strategic metal. Once NTC and their customers were in agreement that North American tungsten should make a healthy profit for the company and shareholders. Only then should management have allowed tungsten production to resume for their customers. As far as I know NTC is the only producing tungsten mine in all of North America. Huge corporations were buying their tungsten from FARC South American terrorists based on a news article that I recently read. Recently these illegal tungsten mines were shut down by South American governments. My advice to management at NTC is business 101, learn to play HARDBALL! Sadly it appears to be much to late for that now. The company has contributed towards the glut of tungsten currently on the market and their customers seem to be taking advantage of the company.