North Bay Resources Inc (NBRI)

[foxwoodsfan]

I agree that they got into more than they anticipated with the rehab work and the MSHA delay certainly hurt them. If I understand the history they also had issues with past employees (not quite the A team) working the site. That's a sign of weak management and that's the scary part. The recent debt is the scariest though because Perry basically put the whole thing into a stranglehold. It's either make it, tap out or break it. There's no middle ground like some are saying. There's no plodding along for another year or two without doing the really bad things to shareholders.