NWM Mining Corporation NWMMF

MD&A out on Sedar

[stu.2]

Not much has changed...commercial production is achieved and we are making money and with increasing production and better grades bigger profits are to follow...but

"The company is now becoming self-sustaining as it achieved positive cash flow from gold production in the first and second quarters of 2012 as compared to negative cash flow in the corresponding quarters in 2011. The Company currently has US$18,500,000 in debt which all matures in 2012.  Continued positive cash flow from operations will not be sufficient to repay all the outstanding debt as it becomes due. Management is currently considering several alternatives to replace or extend the existing debt."

This creates some concern for me..

cheap takeover, more dilution???

The mistakes/problems that we have encountered; SART debacle, pad problems last fall have paralyzed us...we can't drill and expand resource..focussing on production is the right thing to do

We are starting to realize our potential and hopefully management will figure this debt out.....

I'm staying.... GLTA

[production05]

``Management is currently considering several alternatives to replace or extend the existing debt``   This comment likely suggests that NWM`s management is primarily focused on attempting to either refinance the debt (through a new debt partner) or roll over / extend the payment dates of the existing debt (with the current debt holder).   Hopefully NWM is able to put a deal in place

[babedinkleman]

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[deodouble]

Good info on possible NWM price points and where it's headed. Check page 11 https://tsxv.pinnacledigest.com/

[Btracker]

Went to site and unable to locate this information. I even joined the site. Can't believe i have to ask how to find page 11. Do want to read the article

[BlindBat_1]

Nice post production05, What I find so disturbing here is the complete worst case scenario price this thing is being dumped down to.  You have to wonder if management just doesn't have any connections whatsoever when it comes to financing, partners etc.  Last October they did one of the most ludicrous amendments I've ever heard of....giving away what I believe at the time

[twpt]

I kinda agree with the bat. The only solution I see is to dilute and wipe out the debt or do a deal with a gold streamer or just sell to someone who has cash to take out debt and move forward. I am just going to hold this till a result is gained, good or bad. At .06 cents, pretty much not worth selling.

[babedinkleman]

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[babedinkleman]

This post has been removed in accordance with Community Policy

[babedinkleman]

This post has been removed in accordance with Community Policy

[castle123]

babdinkleman- I agree with your comments and I am confident we will see refinancing with much better terms and no further dilution of shares and a gradual increase in share price resulting in a buyout. The risk is greatly reduced with gold production and a constant and growing revenue stream.

[twpt]

I agree it should be easy to get a better deal for financing and someone will likely step up to the plate. Possibly a Sprott or along those lines. Ultimately the deal will get done now that this is a profitable company, but until new financing is announced we will be stuck here. From this point if gold remains above 1600 I will add to my position as some sort of deal will be done to derisk the