Midway Gold Corp V.MDW

Holding and Adding....

[VanWilder1]

From my perspective, the numerous stakeholders have a lot more to lose by forcing MDW into default, than reorganizing the debt.

Spring Valley is a nice Ace in the hole, and the 30,000+ Ounces currently on Leach pads are also critical.

This makes it, and we see positive news on survival within 10 trading days is my guess.  

Any news securing their operations moving forward will cause this to Pop to $.30+ in short order IMO.

Holding MDW


Van

[benandemmiboo]

Am I correct in thinking the debt to Hale is to be paid in gold (ie 80000 ounces). If so, some sort of agreement between them and Barrick could be made, thus allowing Barrick to minimize the actual costs of paying off Midway's debt (because ABX is a low cost producer), and then Barrick could buy the remaining properties for a lowball price that at very least would double or triple the current