Midway Gold Corp. (fka MDWCQ)

[Pegaso]

From Yahoo...

Take outs after talking to Jaime few mins ago (Investor Releations)

"Company defaulted with CBA because of not meeting loan terms which is not just about money but other issues such as productivity goals and grading issues. Company has 45 days to complete feasibility study on operations and submit report to CBA and this process is in progress and not impacted by financial crisis. But, CBA can at any minute demand company to repay loan. That's when things get ugly. Hale partners has got huge interest both in the form of preferred and common stock equity and they invested more money than CBA. This is thread of hope for something to work out for common shareholders but nothing is guaranteed. Huge risk investment but chances of huge rewards for patient investors."