Everest you need to get a grip on yourself. Frankly I do not agree with posts being deleted from a forum because it smacks of censorship. However, I think its pretty clear you are working from a personal agenda to attack New Dawn, for reasons unknown to me. If you lost money on CASMYN that is unfortunate, but I doubt you will make a penny of it back by slamming ND on a forum. I also find your posts here to be sadly lacking in any useful information, and I do not need to waste my time reading some inept whining.
Do you know the difference between a balance sheet and an earnings statement? I think not, yet you stand on the soapbox and berate the company in your ignorance. You caution others that a forward split may be coming. On what basis? The share structure for ND is already concentrated in far too few hands, but it is a common tactic for bashers to suggest that a share consolidation is on the way. ND management should be congratulated for their discipline to hold the line on issuing new shares until the share price has risen to a level that is less dilutive.
ND is traded in Germany to provide greater liquidity and access for European investors. There are many other successful junior mining companies with Canadian listings that also trade on the pink sheets in the US or in Germany. Since many investors cannot participate directly with Canadian stocks these alternate listings provide a secondary exchange.
I would also point out that ND is not bleeding red as you have suggested. The financials show that net cash from operations INCREASED by $240K during the most recent quarter: http://www.newdawnmining.com/i/pdf/2009-Q3_FS.pdf
The company has been very clear in guidance and provides month-to-month updates in its operating performance. The trend is clearly up. Production is up. Revenues are up. Costs are already in the lower range for the peer group and continue to improve on a unit basis. The term 'bleeding red' is used to describe a company for which its operating performance is in decline, and the losses are accelerating. This is not an appropriate description for ND, and I think you are either ignorant and do not know any better, or you are deliberately misrepresenting the facts for your own agenda.
Mining is a cash-intensive business. The performance of a company is more correctly represented in terms of operating margins than in net earnings. For a mine to function a great deal of cash must be invested first, and then a large ongoing commitment for development, exploration, infrastructure, etc. must be injected. A good management team with a good project will deliver growth, and improvements in efficiency, so that a profit can be achieved as these objectives are realized. First you sow, then you reap. You show up here with such a limited grasp of mining and financial reporting, yet you have the nerve to complain and question the performance of the company. Why is it a surprise that your input is not valued on this forum?
A variance in opinion is healthy on any forum. I do not want to read mindless cheerleading or waste my time on a forum that amounts to a group hug. But I also have little tolerance for shrill whiners that bring nothing to the table in terms of accurate facts or commentary. Have a clue, do some research before you spout off, and perhaps you will find your posts gain greater respect around here. And for the record, regardless of whether the posts on this forum are high quality, or mindless nonsense, neither has any reflection whatsoever on the company. This is an exchange of opinions by retail investors, some of whom are profoundly aware of the reality in this sector, and others who appear to be utterly ignorant of all things of substance. This is beyond the control of ND and to imply otherwise is yet another red flag on your own credibility.
cheers!
mike
