NWM Mining Corporation NWMMF

New Loan Facility Update

[stu.2]

Good you were able to pay the 1.5 million but why the immediate 1million further drawdown? What is that money being used for....to continue operations? drilling? improve equipment? 43-01 update? etc..

It would be nice to give us some idea what this money is being used for since we are now self-sustaining....If the 1.5 million debt payment put operations in jeopardy fine but explain what this money is being used for

[babedinkleman]

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[stu.2]

your right.... using debt to pay off debt sucks... I guess i was hoping some money was put towards exploration so we could update 43-01...GLTA

[babedinkleman]

This post has been removed in accordance with Community Policy

[catsafterme]

the solution is obvious-hire Thomas Atkins! he's a real weeeeeeeeener ROTFLMAO

[slick05]

Agree. The company must maintain a working capital (cash on hand) to keep the mine running. That is why they used their available loan facilities for payment. Just how Mark Selby joined the board because of his background in mergers and acquisitions, they also need a banker with connects. Good thing is the production costs are heading towards anticipated costs, and have proven profitability. The