NWM Mining Corporation NWMMF

Takeover is only way out..and our financiers are on board

[stu.2]

We can't make money at present gold prices with present production. Money needs to be invested to improve economies of scale. We are bankrupt as soon as Renvest decides to stop the interest extensions. Only way out is if Argonaut or TMM come in and get us for nothing while striking a deal with the financiers so they won't lose all of their 18.5 million. Argonaut makes sense. The Castle gold (now Argonaut) management team is in place probably evaluating the properties and projects viability. Gold Ridge may provide the potential to save us...If it does happen we will still not reap the ultimate benefits that should have been NWM but I believe it would be the best case scenario. Only my humble opinion GLTA

[stu.2]

TMM 25 million bought deal even though they had a great quarter with the cash continuing to flow with $1200 gold.. hoping that they are looking to acquire an underachieving producer with massive upside potential in their immediate vicinity for next to nothing. keep hope alive. GLTA

[zzthnx]

Stu, this makes a lot of sense to me. I don't think TMM would have done that deal to get $25 mil. unless it's in order to do a deal that would be very beneficial for them especially over the longer term, such as snapping up NWM at a bargain basement price. Question for you, any thoughts on what the buyout deal might be for us longsuffering NWM shareholders? If this is in fact in the works,

[stu.2]

Penny a share would probably be the deal... Crippling debt at insane interest gives us no bargaining position. In my opinion we will have to take that kind of deal from any suitor or face bankruptcy. Painful, will have to use it as a tax loss. Can't see any other outcome. Would like to hear any other opinions GLTA