I talked to Richard at Bluefire this evening.
The loan is continuing with China, as it sounds like they are moving forward with that part of it.
The DOE has until September to make a final decision. If the DOE does not grant the needed money, there have already been other options contacted and much interest in taking care of the needed amount.
As far as the additional shares that they received recently to sell, they currently have not sold those, and do not need to as they still have capital to work with for a while. In MY conclusion, that was probably done in case they do need that capital at some point. Smart business if you ask me.
We did discuss giving us an update at some point so we all know more as time goes.
I feel very confident that they will finalize everything and move forward with construction. I asked many questions and was more than satisfied with all of the information he gave me.
Go Bluefire!
