Friday, April 18, 2014 10:15:24 PM
What's new here is the bjminexpo event appears to have been posted recently and lists hebei wan on the "buyer list" whatever that means. Again, my reading of those links makes me think that hebei wan only exists if there is a merger with nio-star. Could be mistaken. When I asked back in December, Merle said it has nothing to do with us.
My points are:
The hkhe deal appears to have been revised twice. Originally was 25-35% for 5.5-10 mil,
then was revised to 51% of SRSR at the time of august 2012,
then appears to have become 51% of Nio-Star with the December 2013 job posting description I mentioned.
The only reference to this by the company was this: " While both of these LOIs have expired, a good working relationship was developed with both groups, and we continue to have an interest in working with either or both of them."
I previously remarked of the apparent overlap of the LOI with the SOE and the job postings mentioning Sarissa with the Hainan group, so I have wondered if there was an arrangement with both.
I note the pr with the quote I mention is from the June 17, 2013 pr. http://finance.yahoo.com/news/sarissa-resources-191834939.html
That's the same date in the financials that the bsda was termed.
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