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Re: maxoliver post# 52972

Wednesday, 07/23/2014 5:47:08 PM

Wednesday, July 23, 2014 5:47:08 PM

Post# of 72908
At this point, I'm sticking around and seeing how it all unfolds.

Obviously, nobody is happy at this point. Today was a lot of shares being brutally dumped by converters. We had 40M issued last week and I didn't really see much of that dumped last week. We'll see how this plays out the next few days.

I'd like to draw more attention to the fact that the news today specifically mentioned securing the necessary investment required for the down payment on the mill. I'd also like to remind everybody that the size of that down payment is consistent with the numbers in the 7/10/2013 PR about mill financing and the down payment is likely higher because the mill is to have a higher capacity than planned before. I think there is a lot of good information in that PR that can shed some light on where we might be heading. I don't think G8MI is investing $200K at almost 3 times the current PPS if that money isn't going directly to that down payment, IMO.

This is what they said las year...
"Subject to any final regulatory approvals, we expect the mill to be operational within three months of the equipment order."

What we need is a nice juicy PR about an equipment order.

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